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Global Markets Analysis – 13 October 2016

A commentary written by Tony Tong

13.10.2016 周四 市场吸收消化美国农业部报告;美豆油在纠结情绪中波动震荡





• Global edible oil is in an awkward position: large short-term supply pressure wrestles with strong medium and long-term demand.
• These two contrasting market conditions give investors conflicting sentiments.
• Short-term downtrend and medium and long-term upward reversal make trading difficult.
• Major support remains at the overall bottom area.
• We shall maintain our outlook, without being influenced by short-term dilemma.

• Traders may maintain small amounts of long positions, protected by stop-loss mechanism.
• We shall maintain our view that short-term traders may enter long positions at a lower entry price.

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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