03/16/2016 – Soybeans
May soybeans:
1. In both Mondays (March 14) and Tuesdays Williams edge live meeting it was noted that failure at $8.96 in May soybeans would indicate further decline and test/attempt at $8.87.
2. Subsequently, May soybeans were unable to close above $8.96 and began the indicated decline to $8.87 which was completed today (Wednesday, March 15) (today’s session low, $8.86, so far). This successfully completes the forecast/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.