07/15/2015 – Soybeans

Issued: 07/12/2015

August soybeans:

1. In Friday’s July 10 Williams edge live meeting it was noted that a test and failure at $10.30/$.35 in August soybeans (touch and hourly or especially daily close below either level) would indicate a tradable multi-day decline to $10.01 (or lower).

2. Friday’s August soybean session made a swing high of $10.36 and closed Friday at $10.22, well below the $10.30/$.35 level. Therefore, the market is at a critical juncture on the upside. Will message any new entry based upon the above in tomorrow’s session.

David Williams

Issued: 07/13/2015

August soybeans:

1. In Friday’s July 10 Williams edge live meeting it was noted that a test and failure at $10.30/$.35 in August soybeans (touch and hourly or especially daily close below either level) would indicate a tradable multi-day decline to $10.01 (or lower).

2. While Friday’s August soybean session made a swing high of $10.36 and closed at $10.22, the market has yet to break the current uptrend. Will message any new short entry in tomorrow session if the market confirms.

3. If short already, any hourly or especially a daily close above $10.35/$36 should prompt exit, as originally noted. Will update.

David Williams

Issued: 07/14/2015

August soybeans:

1. In Friday’s July 10 Williams edge live meeting it was noted that a test and failure at $10.30/$.35 in August soybeans (touch and hourly or especially daily close below either level) would indicate a tradable multi-day decline to $10.01 (or lower).

2. Today’s (Tuesday, July 14) session closed below both $10.30/$.35 placing the market into a ‘Sell’ position. Initial short position exit should be taken at/near $10.12.

3. A protective sell stop should be placed at $10.33. This stop will be moved lower as the market continues to confirm.

4. If short already based upon recent tests and closes below $10.30/$35 an initial short position exit should be taken at current prices (current price, $10.18).

David Williams

Issued: 07/15/2015

November soybeans:

1. In Friday’s July 10 Williams edge live meeting it was noted that a test and failure at $10.30/$.35 in November soybeans (touch and hourly or especially daily close below either level) would indicate a tradable multi-day decline to $10.01 (or lower).

2. Yesterday’s (Tuesday, July 14) session closed below both $10.30/$.35 placing the market into a ‘Sell’ position, as noted in our previous update. Initial short position exit was indicated to be taken at/near $10.12.

3. Today’s (Wednesday, July 15) November soybean market completed the initial $10.12 downside target (session low, $10.10, so far).

4. Our protective sell stop has been lowered to $10.29. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 07/15/2015

November soybeans:

1. Exit any remaining short positions in November soybeans at the market (current price, $10.18). This completes the trade. Will message any further entry or indication in November soybeans.

David Williams