06/23/2015 – Soybeans
July soybeans:
1. In Monday’s June 22 Williams edge live meeting it was noted that July soybeans was expected to test $9.90 or higher and then decline to $9.78 into the following day, Tuesday, June 23.
2. Monday’s session advanced further, making a swing high of $9.96 before reversing lower.
3. Today’s (Tuesday, June 23) July soybean session declined sharply and completed the $9.78 downside target (today’s session low, $9.78). This 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.