03/28/2016 – Lean Hogs
- March 28, 2016
- Lean Hogs
April live cattle:
1. In Thursday’s (March 24) Williams edge live meeting it was noted that any advance to at/near $136.50 in April live cattle could be sold short for a further decline and test of $134.70 into early the week of March 28.
2. Subsequently, April live cattle advanced to $136.52 and reversed lower and today (Monday, March 28) completed the majority of the $134.70 downside target (today’s session low, $134.75). This successfully completes the forecast/trades. Will message any further entry or indication in April live cattle.
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.