02/22/2017 – Soybeans
- February 22, 2017
- Soybeans
March soybeans:
1. Beginning on Thursday, February 16 and Friday, February 17 it was noted that daily closes below $10.37 in March soybeans could be sold short for a further decline and initial profit at $10.24 into this week (week of February 21).
2. Subsequently, March soybeans closed below $10.37 and today (Wednesday, February 22) completed the forecast $10.24 downside target (today’s session low, $10 .23, so far). Lower prices remain possible, including $10.18/$17, then $10.15/$14, as noted in today’s live meeting. Will message any further entry or indication in March soybeans.
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.