07/06/2015 – Wheat
- July 6, 2015
- Wheat
July wheat:
1. In last Wednesdays (July 1) Williams edge live meeting it was noted that July wheat (then trading at approximately $5.78) should continue to decline and test $5.68 on the downside. This indication was not intended to be traded but rather as a test of the Roadmap principal on July wheat.
2. Subsequently, July wheat declined further and today (Monday, July 6) completed the $5.68 downside target with today’s session low at $567.2. This completes the Roadmap in July wheat and helps confirm wheat as another tradable market under Williams edge.
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.