07/20/2016 – Soybeans

November soybeans:

1. In Mondays (July 18) Williams edge live meeting it was noted that a daily close above $10.57 would indicate a continued advance and test/attempt at $10.82 (or higher).

2. Subsequently, November soybeans closed the day at $10.64 but the following day (Tuesday, July 19) expressed the energy to the downside, resulting in a loss on the position. While this is an unusual move, soybeans are putting in a daily bottom due today, Wednesday, July 20. This is an important indication and may prompt further entry. Will update.

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.