09/12/2014 – Soybeans

Nov. soybeans:

1. On Fri. Sept. 5 in our Williams edge live meeting it was noted that any daily close at or below $10.20 in Nov. soybeans would indicate new short entry for a decline to $9.85 (or lower).

2. Yesterday’s (Thurs., Sept. 11) Nov. soybeans session completed the $9.85 downside target (and lower) completing the forecast.

3. You may recall that we traded this forecast, shorting at/near $10.20, taking initial profit at $10.05 and were later stopped out of our remaining position at $10.18 (approx. breakeven) prior to the completion of the $9.85 downside target. Will message any further entry or indication as the market confirms.

David Williams