04/10/2014 – Soybeans

Issued: 03/31/2014

May soybeans, previous update:

1. Although not an outright forecast, a daily close below $14.46 in May soybeans tomorrow, Friday, March 28 may indicate a decline and test/attempt at $14.16 (or lower) into very early April. Check your own indications for the possibility of new short entry.

Latest update:

1. In today’s live meeting it was noted that any directional movement above $14.37/$38 in May soybeans would indicate new long entry for a fast advance and test/attempt at $14.60 (or higher).

2. Shortly after, May soybeans broke out above the $14.37/$38 buying level and quickly advanced to the $14.60 upside target, completing the trade. Aggressive can continue to hold for the possibility of higher prices into tomorrow.

David Williams

Issued: 04/10/2014

May soybeans, previous update:

1. Hourly and especially daily close below $14.96 in May soybeans is the earliest indication for a multi-day decline and test/attempt at $14.62/$61, then $14.54/$53. Will message any new entry based upon the above in tomorrow’s session as the market confirms.

Latest update:

1. May soybeans closed both hourly and daily below the critical $14.96 level indicating new short entry and lower prices coming, including $14.62/$61, then $1454/$53, noted in the previous update.

2. Traders who are short based upon the original update should take partial exits at/near $14.75 (current Globex price, $14.74). Further exits should be taken at/near $14.62, then at/near $14.54.

3. Protective buy stop should be at $14.98. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 04/01/2014

May soybeans, previous update:

1. In today’s live meeting it was noted that any directional movement above $14.37/$38 in May soybeans would indicate new long entry for a fast advance and test/attempt at $14.60 (or higher).

2. Shortly after, May soybeans broke out above the $14.37/$38 buying level and quickly advanced to the $14.60 upside target, completing the trade. Aggressive can continue to hold for the possibility of higher prices into tomorrow.

Latest update:

1. Today’s May soybeans continued on the recent forecast advance from $14.37/$38 to the initial $14.60 upside target (today’s session high, $14.81, so far).

2. Aggressive longs should exit a second portion of their long position at current prices (current price $14.76).

3. Final long position exit should be taken between $14.85/$93 into tomorrow (Wed., April 2) to complete the trade. Will message any further entry or indication.

David Williams

Issued: 04/01/2014

May soybeans, previous update:

1. Today’s May soybeans continued on the recent forecast advance from $14.37/$38 to the initial $14.60 upside target (today’s session high, $14.81, so far).

2. Aggressive longs should exit a second portion of their long position at current prices (current price $14.76).

3. Final long position exit should be taken between $14.85/$93 into tomorrow (Wed., April 2) to complete the trade. Will message any further entry or indication.

Latest update:

1. Today’s May soybean market continued on the forecast advance from $14.37/$38 and completed the final upside target range of $14.85/$93 noted in the previous update (today’s session high, $14.88, so far). This completes the trade. Will message any further entry or indication.

David Williams

Issued: 04/11/2014

May soybeans, previous update:

1. May soybeans closed both hourly and daily below the critical $14.96 level indicating new short entry and lower prices coming, including $14.62/$61, then $1454/$53, noted in the previous update.

2. Traders who are short based upon the original update should take partial exits at/near $14.75 (current Globex price, $14.74). Further exits should be taken at/near $14.62, then at/near $14.54.

3. Protective buy stop should be at $14.98. This stop will be moved lower as the market continues to confirm.

Latest update:

1. Today’s May soybeans continued on the forecast decline from the failure at $14.96 and completed the initial downside target at $14.62/$61 noted in the original update (today’s session low, $14.61, so far). This represents an approximate $34 cent decline.

2. Traders short based upon the original update took their second partial exit at/near $14.62. Final short position exit should be taken at/near the $14.54 downside target, as noted in the original update.

3. Our protective buy stop has been lowered to $14.86. This stop will continue to be moved lower as the market continues to confirm.

David Williams

Issued: 04/09/2014

May soybeans, previous update:

1. Today’s May soybean market continued on the forecast advance from $14.37/$38 and completed the final upside target range of $14.85/$93 noted in the previous update (today’s session high, $14.88, so far). This completes the trade. Will message any further entry or indication.

Latest update:

1. Hourly and especially daily close below $14.96 in May soybeans is the earliest indication for a multi-day decline and test/attempt at $14.62/$61, then $14.54/$53. Will message any new entry based upon the above in tomorrow’s session as the market confirms.

David Williams