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Global Markets Analysis – 07 November 2016

A commentary written by Tony Tong

07.11.2016 周一 油脂类商品抵抗性回落整理行情延续中


大陆内盘油脂商品豆油与棕榈油1701主力合约,也在追随美盘的短线回落走势, 从今天周一盘中观察,内盘油脂商品的多头主力仍在牢牢的把握着市场运行节奏, 期价呈现抵抗性回落整理,并且内盘短线走势略强于美盘豆油。



• Global edible oils are undergoing a short-term downtrend correction.
• While the extent of correction differs for each product, it appears to move at the same rhythm.
• We shall maintain our medium and long-term outlook: avoid risks during this correction, and find a low price to enter long position when it subsides.

• Uncommitted retail traders may remain on the sidelines and are not encouraged to take big short positions but patiently wait for the correction to end before entering the market again.

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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