07/21/2017 – live cattle
August live cattle:
1. In yesterday’s (Thursday, July 20) Williams edge live meeting it was noted that any hourly and especially daily close below $117.90 in August live cattle (then trading at $117.17) could be sold short for continued decline to $115.90, expected into Monday, July 24 (+/-1 trading day).
2. Subsequently, August live cattle declined sharply and completed the forecast $115.90 downside target (session low, $115.70). This successfully completes the forecast/trade. Will message any further entry or indication in August live cattle.
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.