05/10/2017 – Soybeans

July soybeans:

1. In Mondays (May 8) Williams edge live meeting it was noted that July soybeans were expected to move slightly below $9.63 wherein $9.61 would be buying territory for an advance to $9.70/$71 then $9.80.

2. Subsequently, July soybeans were unable to decline to $9.61 so (unfortunately) no new long entry occurred. However July soybeans completed both the $9.70/$71 initial profit target and the $9.80 final profit target as well (today’s session high, $9.89). This successfully completes the forecast/trade. Will message any further entry or indication in July soybeans.

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.