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Global Markets Analysis – 06 April 2017

A commentary written by Tony Tong

06.04.2017 周四 油脂类商品超跌之后技术性反弹修复





• Edible oils show technical signals of a reversal, following a steep decline.
• While the case for an uptrend is not fundamentally strong, we should be cautious of any potential reversal.
• We hold a short-term long rebound outlook, with a high caution.

• Traders may retain long position.
• Aggressive traders may initiate long positions.
• Passive traders may enter into long positions after signals of a reversal become clearer.
• We shall pay close attention to the possibility of a technical reversal of US soybean oil.

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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