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