12/18/2014 – Soybeans

Issued: 12/17/2014

Jan. soybeans:

1. Today is the next important daily bottom in Jan. soybeans. Continued hourly and especially a daily close above $10.18/$17 indicate a tradable advance to at/near $10.37/$38 (or higher) into Fri. Dec. 19 (+/-1 day).

2. The above places Jan. soybeans into a ‘Buy’ position for aggressive traders for the above noted advance.

3. Hourly closes above $10.25 indicate new long entry for ordinary traders.

4. Partial long position exit should be taken at/near $10.30, further exit taken at/near $10.37. Any remaining position should be held for the possibility of higher prices to be messaged in a subsequent update.

4. Once long, a protective sell stop should be placed at $10.15. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 12/17/2014

Jan. soybeans:

1. Today’s Jan. soybean market advanced from our earlier noted ‘Buy’ position (for aggressive traders) at approx. $10.22 for the forecast advance to the $10.37 upside profit target.

2. Initial long position exit was taken at/near $10.30, as noted in the report. Today’s session high has been $10.34, against the $10.37 profit target, so far.

3. Our protective sell stop has been raised to $10.22. Will update.

David Williams

Issued: 12/18/2014

Jan. soybeans:

1. Yesterday’s (Wed., Jan. 17) Jan. soybean market advanced from our earlier noted ‘Buy’ position (for aggressive traders) at approx. $10.22 for the forecast advance to the $10.37 upside profit target.

2. Partial long position exit was taken at $10.30. Further long position exit was taken at/near the $10.37 profit target (today’s session high, $1037.2, so far).

3. Our final long position exit will be messaged in a subsequent update.

4. Our protective sell stop has been raised to $10.27. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 12/18/2014

Jan. soybeans:

1. Our protective sell stop in Jan. soybeans has been raised to $10.30. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 12/19/2014

Jan. soybeans:

1. Today’s Jan. soybean market continued its downside reaction off our recent forecast advance from $10.22 to $10.37 upside profit target.

2. Today’s decline triggered our recently adjusted $10.30 protective sell stop, resulting in a successful trade. Will message any further entry or indication in Jan. soybeans.

David Williams