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05/01/2014 – Sugar

Issued: 05/01/2014

July sugar:

1. July sugar completed the recent forecast decline from $17.70 to $17.38 with the possibility of a test/attempt at $17.22 (or lower).

2. Tuesdays April 29 session completed the $17.38 initial downside profit target for self-directed traders (session low, $17.34) but reversed off that level and hit our suggested $17.63 protective buy stop. This completes the trade.

David Williams

Issued: 04/28/2014

July sugar:

1. Although not an outright forecast, watch for further decline and test/attempt at $17.22 in July sugar into tomorrow, Tuesday, April 29 (+1 day).

2. Should such a decline occur this may prompt new long entry in July sugar if the market confirms at (or below) $17.22. Will update if the market confirms.

David Williams

Issued: 04/29/2014

July sugar:

1. In Mondays (April 28) live meeting it was noted that July sugar would likely decline from $17.70 to $17.38, then a possible test/attempt at $17.22 (or lower).

2. Today’s (Tuesday, April 29) session completed the $17.38 initial downside target (session low, $17.34, so far). This is partial profit-taking territory, as noted in yesterday’s meeting.

3. Further decline remains possible ($17.22 noted above) but self-directed traders should place a protective buy stop at/near $17.63 at this time. Will update.

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.