Issued: 06/11/2015
July soybeans:
1. In yesterday’s (Wednesday, June 10) Williams edge live meeting it was noted that that a daily close below $9.53/$57 in July soybeans could be sold short for a multi-day decline and test/attempt at $9.39/$38 into Fri., June 12 (+1 day). Yesterday’s session closed at $9.49, below the above-noted levels.
2. Those taking advantage of the soybean indication should exit a portion of their short position at current prices (current price, $9.45). Any remaining position should be held for the $9.39/$.38 downside target.
3. A protective buy stop should be placed at $9.54. This stop will be moved lower as the market continues to confirm. Will update.
David Williams
Issued: 06/11/2015
July soybeans:
1. In yesterday’s (Wednesday, June 10) Williams edge live meeting it was noted that that a daily close below $9.53/$57 in July soybeans could be sold short for a multi-day decline and test/attempt at $9.39/$38 into Fri., June 12 (+1 day). Yesterday’s session closed at $9.49, below the above-noted levels.
2. Today’s session declined sharply and completed the $9.39/$38 downside target, completing the trade/forecasts. This resulted in a successful trade. Will message any further entry or indication in July soybeans.
David Williams