11/14/2017 – Soybeans
January soybeans:
1. In yesterday’s (11/13) Williams edge live meeting it was noted that aggressive traders could sell January soybeans short at the then current price of $9.78 for further decline to $9.71/$70, expected into Tuesday 11/14.
2. Subsequently, January soybeans declined and today (Tuesday 11/14) completed the forecast $9.71/$70 downside target (today’s session though, $9.67, so far). This successfully completes the forecast/trade. Will message any further entry or indication in January 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.