07/19/2015 – Soybeans
- July 19, 2015
- Soybeans
Issued: 07/20/2015
November soybeans:
1. In last Thursday’s (July 16) November soybean report we noted that conditions were imminent in soybeans for further decline and test/attempt $9.93/$91 (or lower) into early this week (week of July 20).
2. Today (Monday, July 20), November soybeans declined sharply and completed the $9.93/$91 downside target (today’s session low, $9.90, so far). This completes the forecast/trade. Will message any further entry or indication in November soybeans.
David Williams
Issued: 07/16/2015
November soybeans:
1. November soybeans remain in the weaker position after having today (Thursday, July 16) tested and failed at the $10.29 initial resistance noted in our previous trade.
2. Based upon the above, many conditions for further decline have been met and any such decline would test/attempt $9.93/$91 (or lower) into early next week.
3. Will message any new entry in November soybeans in tomorrow’s (Friday, July 17) early session.
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.