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Global Markets Analysis – 13 October 2017

A commentary written by Tony Tong





小结:美国农业部报告呈现利多性质(超出市场分析人士的预期),美盘大豆 美盘豆油表现不俗,特别是美盘大豆长阳飙涨。内盘马盘油脂商品不为所动(看来我们前期弱势反弹的观点还是比较理智,正确的),市场表现平静而淡定,我们期待后续的补涨机会。具体操作上:悬在我们头顶上的靴子落地,基本面情况逐渐明朗,马盘基本面略显利空,美盘基本面利多——短线情况明朗后,我们前期多单继续持有,部分激进型交易者可今天少量加仓多单,等待后市的补涨机会,本波反弹上行我们继续保持“弱势反弹,超跌后的技术修复”观点,后市反弹高度依旧不看太高,做追随性操作。

• The latest USDA report boosted bullish sentiment in the market, exceeding analysts’ expectation, which lifted soybean and soybean oil prices.
• China and Malaysia edible oils, however, shrugged off such enthusiasm, as markets remain quiet.
• Our outlook remains: a light short-term technical rebound following a sharp decline.
• The strength of the rebound may be subdued. Therefore, we must be flexible with our strategies.

• Traders may retain long positions
• Aggressive traders may increase long positions, in anticipation of a catch-up with US markets.

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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