05/11/2017 – Soybeans
- May 11, 2017
- Soybeans
July soybeans:
1. In yesterday’s (Wednesday, May 10) Williams edge live meeting it was noted that any hourly or especially daily closes below $9.83 in July soybeans would indicate a tradable decline to $9.72, then $9.67/$65 into early next week.
2. Subsequently, July soybeans declined quickly and today (Thursday, May 11) completed the $9.67/$65 final downside target (today’s session low, $9.63, so far). 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.