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Global Markets Analysis – 02 June 2017

A commentary written by Tony Tong

02.06.2017 周五 美豆油8连阴后右侧横盘



马盘毛棕榈油基准8月,该品种最近2周无停盘,因此在调整时间上多内盘2天(多美盘一天 美盘本周一曾停盘一天),今天观察马盘棕榈油——期价短线率先出现走高迹象,盘中多头主力护盘迹象更为明显一些,但单独的一个品种走高尚不能带动全盘走强,我们再耐心观察一下马棕榈的下周初表现。


• The downward correction of global edible oils is losing momentum.
• The short-term sideways movement may be a sign of an opportunity to go long when prices are low.
• We shall prepare early next week to go long.

• Traders may stay out of the market today and prepare for action next week.

This post is contributed by OPF Guest Blogger, Tony Tong.

Tong used to be a capital market service rep licensed by China Futures Association. He became a professional independent trader later on. He has more than 10 years of personal experience trading in commodity futures market and is adept at cross-market analysis to identify trading opportunities. He uses fundamental analysis to filter out the best investment products and technical analysis to determine entry and exit points and consider his trading style as moderately conservative while at the same, is also very good at medium-term position trading based on technical charts.

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