07/09/2015 – Soybeans
- July 9, 2015
- Soybeans
Issued: 07/09/2015
November soybeans:
1. In yesterday’s (Wednesday, July 8) Williams edge live meeting it was noted that a daily close above $9.82 in November soybeans should be bought for an immediate advance to $10.08, and then $10.16.
2. Yesterday’s session closed at $9.86 (the above $9.82) providing new long entry. Aggressive traders may have entered at higher prices during yesterday’s meeting.
3. Subsequently, today’s November soybean session advanced powerfully and completed the $10.08 initial upside target (today’s session high, $10.13, so far). Any remaining long position should be held for the possibility of higher prices, including at/near $10.16.
4. A protective sell stop should be placed at $10.01. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 07/09/2015
November soybeans:
1. In yesterday’s (Wednesday, July 8) Williams edge live meeting it was noted that a daily close above $9.82 in November soybeans should be bought for an immediate advance to $10.08, and then $10.16.
2. Today’s (Thursday, July 9) November soybean session completed both the $10.08 and $10.16 upside profit targets, completing an approximate $.30 ($1500/contract) trade. Will message any further entry or indication in November 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.