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06/08/2017 – Soybeans

July soybeans:

1. In Mondays (June 5) Williams edge live meeting (and subsequent meetings) it was noted that July soybeans should be bought above $9.25 for an initial advance to $9.35/$36. A continuation ‘wildcard‘ advance was further indicated placing July soybeans at $9.45/$46 into Thursday, June 8 (+/-1 day).

2. Subsequently, July soybeans broke out above $9.25 and made its initial profit target at $9.35/$36 (swing high, $934.4). The market reversed off that level but later recovered and went on to complete the $9.45/$46 upside target. 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.