08/02/2017 – Soybeans
November soybeans:
1. Since Tuesday, August 1 and Wednesday, August 2 our Williams edge live meeting noted that any advance in November soybeans could be sold short for a decline to $9.66/$65 (or lower) expected into August 3.
2. Subsequently, November soybeans made a swing high of $9.81 and new short entry was suggested with the then current price at approximately $9.77. Today (Thursday, August 3) November soybeans declined and completed the $9.66/$65 downside target (and lower). Today’s session low has been $9.58, 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.