07/19/2017 – Soybeans
November soybeans:
1. On Monday, July 17 we noted that any advance to $10.15 would be ideal short selling territory in November soybeans for a tradable decline to $9.98/$97 expected into Wednesday, July 19 (+/-1 day).
2. Subsequently, November soybeans advanced to $10.16 allowing for new short entry. Today (Wednesday, July 19) November soybeans completed the forecast decline to $9.98/$97 (today’s session low, $996.40, so far). This successfully completes the forecast/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.