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