09/05/2014 – Soybeans

Issued: 09/05/2014

Nov. soybeans:

1. In our Wed. Sept. 3 Williams edge live meeting it was noted that a daily close at or below $10.20 in Nov. soybeans would indicate new short entry for an initial decline to $10.05, then a later test/attempt at $9.85 (or lower).

2. Soybeans closed the Wed., Sept. 3 session at $10.20 and showed the expected weakness in the following (Thurs., Sept. 4) session which declined to a low of $10.01, completing the $10.05 downside target.

3. Those short based upon the above exited a portion of their short position at/near the initial $10.05 downside target. Further exit should be taken at/near $9.95, then at/near $9.86.

4. A protective buy stop should be placed at $10.18. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 09/05/2014

Nov. soybeans:

1. In our Wed. Sept. 3 Williams edge live meeting it was noted that a daily close at or below $10.20 in Nov. soybeans would indicate new short entry for an initial decline to $10.05, then a later test/attempt at $9.85 (or lower).

2. Nov. soybeans subsequently completed the initial $10.05 downside target (session low, $10.01). However, today’s session advanced and triggered our $10.18 protective buy stop. This resulted in a successful trade. Will message any further entry or indication in Nov. soybeans.

David Williams