03/13/2015 – Soybeans
- March 13, 2015
- Soybeans
Issued: 03/10/2015
May soybeans:
1. Continued daily closes above $9.85 (and worse case, $9.81) will place May soybeans into a ‘Buy‘ position and indicate new long entry for a quick advance and test/attempt at $10.04/$06 (or higher) later this week (week of March 9).
2. Partial long position exits should be taken at/near $9.98, then at/near $10.04/$06, and any remaining long position held for the possibility of higher prices to be messaged in a subsequent update.
3. Once long, a protective sell stop should be placed at $9.79. This stop will be moved up as the market continues to confirm.
David Williams
Issued: 03/11/2015
May soybeans:
1. Our Tues., May 10 May soybean report indicated that daily closes above $9.85 (and worse case, $9.81) would place May soybeans into a ‘Buy‘ position and indicate new long entry for a quick advance and test/attempt at $10.04/$06 (or higher) later this week (week of March 9).
2. Yesterday’s session tested both $9.85/$81 and closed the day at $9.84 indicating new long entry. Partial long position exits were taken at/near $9.98 (noted in the report), with further long position exit indicated at/near $10.04/$06. Any remaining long position can be held for the possibility of higher prices to be messaged in a subsequent update.
3. Our protective sell stop has been moved to $9.82. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 03/13/2015
May soybeans:
1. Our Tues., May 10 May soybean report indicated that daily closes above $9.85 (and worse case, $9.81) would place May soybeans into a ‘Buy‘ position and indicate new long entry for a quick advance and test/attempt at $10.04/$06 (or higher) later this week (week of March 9).
2. Tuesday’s session tested both $9.85/$81 and closed the day at $9.84 indicating new long entry. Partial profit exits were taken at/near $9.98 (noted in the report), with further long position exit indicated at/near $10.04/$06.
3. However, May soybeans were unable to break above the initial $9.98 profit target and today (Fri., Mar. 13) hit our protective sell stop at $9.82. This resulted in a successful trade. Will message any further entry or indication in May 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.