04/24/2017 – Soybeans
May soybeans:
1. During much of last week and on Friday, April 21 in our Williams edge meeting it was noted that any confirmed breakout above $9.52 in May soybeans would prompt new long entry for $9.60 an initial upside target.
2. Subsequently, May soybeans broke out above $9.52 and today (Monday, April 24) completed the $9.60 initial upside target (today’s session high, $959.60, so far). This successfully completes the initial forecast. Higher prices remain possible and will be updated in today’s meeting.
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.