02/10/2015 – Corn

  • Corn

Issued: 02/10/2015

March corn:

1. In Mon. (Feb. 9) Williams edge live meeting it was noted that March corn (than trading at approx. $3.90) was likely to continue to advance and ultimately test/attempt $3.95/$96.

2. Aggressive longs should continue to hold March corn for the possibility of higher prices, including a test/attempt at $3.95/$96.

3. Our protective sell stop is at $3.85. The stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 02/10/2015

March corn:

1. Our Mon. (Feb. 9) Williams edge live meeting noted that March corn (then trading at approx. $3.90) was likely to continue to advance and ultimately test/attempt $3.95/$96. Aggressive traders went long at approximately $3.90.

2. Today (Tues., Feb. 10) March corn declined and triggered our $3.85 protective sell stop, resulting in a loss on the entire position. Will message any further entry or indication in March corn.

David Williams

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.