06/04/2017 – Soybeans
July Soybeans:
1. In Fridays (June 2) Williams edge Pro room it was noted that July soybeans could be bought at/near $9.12, with partial long position exits taken at $9.17 and final taken at $9.24. This trade was based upon our recent forecast for July soybeans to advance to $9.26/$27 in this timeframe.
2. Subsequently, July soybeans made a swing low of $9.11 (allowing for new long entry at $9.12) and rally to the $9.24 final profit target (swing high, $9.24). 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.