It was May
the 21st when I updated my Blog and the last sentence was: “But the
strongest forecast is on the Soybeans... too soon to speak, we will see... but,
have a look at the Soybeans Contract... Subscribe my service if interested, to
see in advance all my forecasts and strategies”
Well, now I
can reveal what my forecast was about Soybeans. At the beginning of May I said
that I was expecting a strong up push of this Commodity till the summer, and
this is exactly what is happened:
Then in
June I said that a strong geometry could stop the strong up push, in fact we
have seen the High of the November and September Contracts made in June. But
the biggest trade following the downtrend has been done at the end of July,
where in my Report we have been able to trade the August and November
Contracts. We are still SHORT now with the November Contract, where we opened
the SHORT position at 1283 and today it is at 1181 points.
Of course,
there is a precise strategy behind these trades because the forecast can be
wrong or not precise, we use to have little losses when we are wrong using my
key prices, and then we follow the trend when it starts, important is to know
where it has to go ;). But in this way we have been able to be in profit of 520
points since November 2012, something impressive! Here is the chart of the
performance of the last 9 months:
We have had
good results even with other Markets, but we have to say that Soybeans Market
has been the best. With the S&P500 we are in profit of 171 points since
November 2012. The last months have been not easy to trade but the performance
remains in uptrend.
Here are
the results with Corn, at the moment in profit of 182 points since November
2012:
With ASX200
we are having great results, over the expectations, at the moment in profit of
860 points since November 2012. We are doing a great trade right now, we are
LONG since July the 8th, and following the uptrend, our last
position is in profit of almost 300 points so far.
Here the
Performance since November 2012:
What about
Gold: I have included in my Report also some information about Gold, giving
price indications and general trend to follow. I have to say that it is going quite
well, in June I said that I was expecting higher prices in July, in fact we
have seen an uptrend during this month. Then I was expecting a Top around
mid-July or at the end of July, and the area 1336, that I gave months ago to my
Subscribers, is working as a resistance. Let’s see if we are going to see a
stop of the uptrend for a while, but attention because a break above area 1336
could mean a target of 1415 points!
Best,
Daniele
