09/09/2015 – Soybeans
Issued: 08/31/2015
November soybeans:
1. Continued hourly and especially a daily close above $8.75 in November soybeans will indicate a quick advance and test/attemp at $9.08/$10, then $9.15/$16.
2. Ordinary traders can use any hourly close above $8.88 as new long entry in November soybeans. Will update with targets, protective stops etc. as the market confirms as noted.
David Williams
Issued: 09/01/2015
November soybeans:
1. Our previous (Monday, August 31) November soybean report indicated that continued hourly and especially a daily close above $8.75 in November soybeans would indicate a quick advance and test/attemp at $9.08/$10, then $9.15/$16.
2. Today’s (Tuesday, September 1) November soybean session closed at $874.4, negating new long entry based upon the daily close, for now. However, should tomorrow’s (Wednesday, September 2) session regain the $8.75 level, a new report will be issued for the original trade indication. Will update.
David Williams
Issued: 09/09/2015
November soybeans:
1. Our previous (Monday, August 31) November soybean report indicated that continued hourly and especially a daily close above $8.75 in November soybeans would indicate a quick advance and test/attemp at $9.08/$10, then $9.15/$16. Yesterday’s (Tuesday, September 8) November soybean session closed at $8.77, indicating new long entry.
2. However, November soybeans have not been able to move or close above $8.84 which by this time would have already occurred under more normal, bullish market conditions.
3. Therefore, our protective sell stop has been placed at $8.77 which reflects our caution based upon the above.
David Williams
Issued: 09/09/2015
November soybeans:
1. Our protective sell stop at $8.77 was hit in today’s (Wednesday, September 9) November soybean session resulting in a breakeven on the entire position. 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.