08/09/2015 – Soybeans

Issued: 08/07/2015

November soybeans:

1. Continued hourly orespecially a daily close above $9.53 will place November soybeans into a buy position for continued advance and test/attempt at $9.64, then $9.74.

2. Once long, a protective sell stop should be placed at $9.45. The stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 08/07/2015

November soybeans:

1. Today’s (Friday, August 7) previous November soybean report indicated new long entry upon hourly or especially a daily close above $9.53 for an advance to $9.64, then $9.74.

2. Today’s following hourly close was at $9.57, prompting new long entry. The market advanced higher and completed the $9.64 initial upside profit-taking target (today’s session high, $9.64, so far). The remaining position should be held for higher prices including a test/attempt at $9.74 into early next week noted in the original update.

3. Our protective sell stop has been raised to $9.54. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 08/10/2015

November soybeans:

1. Today’s (Monday, August 10) November soybean market completed the forecast advance/trade from $9.57 to $9.64 initial target, then $9.74 final upside target noted in our previous soybean report (today’s session high, $974.2, so far). This successfully completes the trade. Will message any further entry or indication in November soybeans.

David Williams