04/14/2014 – Sugar
Issued: 04/11/2014
May sugar, latest update:
1. Continued hourly and especially a daily close below $16.84 in May sugar will indicate new short entry for further decline and test/attempt at $16.55/$53 initial target. Although this is a nearby price target, lower prices remain possible beyond $16.55/$53.
2. Once short, a protective buy stop should be placed at $16.98. This stop will be moved lower as the market continues to confirm. Will update.
David Williams
Issued: 04/14/2014
May sugar, latest update:
1. Fridays May sugar closed below the $16.84 level, indicating a decline and test/attempt at $16.55/$53 into today. Today’s market completed the $16.55/$53 downside target, making a session low at $16.53.
2. However, this trade was stopped out in today’s early session at our $16.98 protective buy stop. Will message any further entry or indication.
David Williams
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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.