02/10/2018 – Soybeans
March soybeans:
1. In Wednesdays (02/07) Williams edge meeting it was noted to watch for March soybeans to first test/attempt $9.76 then reverse upward and complete $9.96.
2. Subsequently, March soybeans declined and made a test/attempt at $9.76 (session low, $977.60) tthen quickly reversed higher and completed the forecast $9.96 upside target that same day (session high, $9.96). This successfully completes the forecast/trade. Will message any further entry or indication in March soybeans.
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.