11/20/2016 – Soybeans
January soybeans:
1. In Wednesday’s (November 16) Williams edge live meeting it was noted that January soybeans could be bought at $9.86 for further advance to $9.97/$.99 into Friday/Monday, November 21.
2. Subsequently, January soybeans moved sideways into Thursday, November 17 and then on Friday began the forecast advance. Today (Monday, November 21) January soybeans completed the $9.97/$99 upside target (and higher). Today’s session high has been $10.10, so far. The 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.