08/23/2017 – Soybeans
November soybeans:
1. Beginning on Thursday, August 17 in our Williams edge live meeting it was noted that November soybeans (then trading at approximately $9.31/$32) should advanced to $9.38/$39. A pullback was expected from those levels to be followed by a continued advance to $9.46/$47 expected into Wednesday, August 23.
2. Subsequently, November soybeans advanced to $9.38/$39, pulled back and today (Wednesday, August 23) completed the forecast 2nd target at $9.46/$47 (today’s session high, $9.47). 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.