06/11/2015 – Soybeans
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
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.