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Global Markets Analysis – 02 November 2016

A commentary written by Tony Tong

02.11.2016 周三 美豆油期价下挫;短线的回落整理行情延续中

美盘豆油12月合约,昨日周二晚间又中阴下跌,短线走势上已经连续6-7天阴K线,盘中下坠态势越来越明显,期价已经由5日均线上方回落到下方的20天平均价格位置,回落整理走势开始明朗化,我们继续保持短线角度的下挫整理观点对待。 后市回落空间仍为我们最为关注的焦点。




• As the downward correction of edible oils becomes more apparent, the anxiety we have had about the market is actualizing.
• With the short-term market correction expected to extend further, the extent to which it may go on becomes our main focus.

• Passive traders who were able to close-out long positions and take profit at high prices may remain uncommitted.
• Aggressive traders may emulate the previous day’s strategy: enter into and close-out intraday short positions.
• We shall patiently wait for the market correction to subside while anticipating an opportunity to enter the market with long positions.

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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DISCLAIMER: This post is written for general information only. The author, publisher and/or any third party involved in the distribution of this work assume no legal responsibilities and shall have no liability whatsoever for any direct or consequential losses, costs or expenses arising from the use of the information contained herein.


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