04/27/2014 – Soybeans
Issued: 04/25/2014
July soybeans:
1. Today’s July soybean market continues to advance off the forecast April 23 daily market bottom (session high, $14.92, so far).
2. Exit a second portion of your original long position from either $14.64 or $14.70 at current prices (current price, $14.90).
3. Any final long position exit should be taken at/near $15.02.
4. Raise your protective sell stop to $14.76. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 04/22/2014
July soybeans:
1. The next important daily market bottom for July soybeans is Wed., April 23 (+1 day).
2. Any further test of $14.63 (on the downside) which closes the day above $14.63 will indicate new long entry in July soybeans for a tradable multi-day advance.
3. Will message any alternate long entry and upside price targets once further confirmation of the above occurs.
David Williams
Issued: 04/27/2014
July soybeans:
1. We are presently long from $14.64 – $14.70 in July soybeans based the forecast April 23 daily market bottom noted in previous updates.
2. Earlier long position profit exits were taken at both $14.80 and $14.90. Final long position exits were indicated at/near $15.02.
3. Today’s session completed the $15.02 final upside target (session high, $15.06, so far), completing the trade. Will message any further entry or indication.
David Williams
Issued: 04/25/2014
July soybeans:
1. Our April 22 soybean update indicated new long positions in July soybeans upon any test and daily close above $14.63 on Wed., April 23 (+1 day).
2. Both Wed., April 23 and Thursday, April 24 tested and closed above $14.63, prompting new long entry.
3. Partial long position exits should be taken at current prices (current price $14.80). Higher prices remain possible and will be messaged in a subsequent update.
4. Protective sell stop should be placed at $14.65. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 04/25/2014
July soybeans:
1. Today’s July soybean session continues to show increasing volatility and somewhat higher prices.
2. Raise your protective sell stop to $14.72. This stop will be moved higher as the market continues to confirm.
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.