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Global Markets Analysis – 21 December 2016

A commentary written by Tony Tong

21.12.2016周三 美盘豆油期价下挫到40天均线附近;内盘与马盘油脂期价受拖累走低




小结:美盘豆油下挫回落整理进行到第11天,下方的回落空间开始收窄,内盘与马盘油脂商品在多头主力护盘下曾一度拔高上冲-大有走独立行情的欲望,但没有得到美盘豆油的支持下,终将以失败告终。现在短线走势又追随美盘回落整理, 考虑到美盘整理的较为充分,我们新进多单可谨慎持有,耐心几日等待美盘整理结束后的触底反弹走势发生。

• As US soybean oil goes into the 11th day of its downward correction, the downside room for correction begins to narrow.
• China and Malaysia edible oils attempted to climb higher, with the help of strong long interest, but failed without the support of US soybean oil.

• Traders with long position may patiently and cautiously wait to observe the performance of US soybean oil as soon as the downward correction ends.

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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