12/02/2014 – Soybeans
Issued: 11/30/2014
Jan. soybeans:
1. Friday’s (Nov. 28) Jan. soybean session reversed powerfully and closed the day below $10.21, placing Jan. soybeans in the weaker position and giving the earliest indication for continued decline and test/attempt at $9.97/$96 (or lower) into early next week (week of Dec. 1).
2. Will message any new entry based upon the above in tomorrow’s (Mon., Dec. 1) session.
David Williams
Issued: 12/02/2014
Jan. soybeans:
1. Our Sun., Nov. 30 report indicated that Jan. soybeans closed on Fri., Nov. 28 below $10.21, placing soybeans in a weaker position and indicating a further decline and test/attempt at $9.97/$96 (or lower) into early this week (week of Dec. 1).
2. Although no official short entry occurred, today’s (Tues., Dec. 2) Jan. soybean session declined sharply and completed the $9.97/$96 downside target (today’s session low, $9.95). Will message any further entry or indication in Jan. 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.