Issued: 06/19/2014
Nov. soybeans:
1. Today’s (Thursday, June 19) Nov. soybeans continued on the recent forecast advance from yesterday’s (Wed., June 18) long entry at $12.09 and reached our second upside profit target at/near $12.18 (today’s session high, $12.18).
2. Higher price targets will be messaged in a subsequent update. Until then we remain long our final 1/3 position.
3. Our protective sell stop has been raised to $12.09. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 06/19/2014
Nov. soybeans:
1. Our protective sell stop has been raised to $12.18 in Nov. soybeans. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 06/20/2014
Nov. soybeans:
1. Today’s (Friday, June 20) Nov. soybeans session declined and triggered our recently adjusted protective sell stop at $12.18, resulting in the exit of our remaining 1/3 long position from $12.09. This resulted in a successful trade. Will message any further entry or indication as the market confirms.
David Williams
Issued: 06/18/2014
Nov. soybeans:
1. $12.09 is now buying territory/new long position in Nov. soybeans for a multi-day advance off the Tuesday June 17 daily bottom.
2. Once long, initial long position exit should be taken at/near $12.18. Further long position exit will be messaged in a subsequent update. If the $12.09 buying territory is not hit, a subsequent long entry may be messaged.
3. Once long, a protective sell stop should be placed at $12.01. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 06/18/2014
Nov. soybeans:
1. Today’s Nov. soybeans declined and triggered our long entry at $12.09 (session low, $12.06).
2. Exit a small portion of your position at current prices (current price $12.12).
3. Move protective sell stop up to $12.02. Will update.
David Williams
Issued: 06/18/2014
Nov. soybeans:
1. We remain long Nov. soybeans from $12.09 after taking partial exits at $12.12.
2. Our protective sell stop has been moved to $12.04. This stop will continue to be moved higher as the market continues to confirm.
David Williams