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Global Markets Analysis – 23 August 2017

A commentary written by Tony Tong





小结:全球油脂类商品短线反身上行走势延续中,由于短线的反身动作迅捷,并且期价在上涨幅度上步伐略大了一些(理论上,若略微整理之后再继续上行则维持时间可略长一些/ 若持续加速,拒绝回头调整,则反弹的时间将可能缩短)。其实反弹上行也就不可能一直是阳K线加速状态,不经过小阴K线的整理,根基是不牢固的。我们今日保持短线反弹上行过程中 短暂回落整理观点,整理之后我们继续看高一线。具体操作上:前期反手多单继续持有,谨慎对待盘面上的小幅整理动作。

• Global edible oils rebounded and continuing its uptrend at the moment.
• The markets moved upward consecutively for a few days, which might have a retracement before those markets move upward again.
• We hold short-term short outlook as downward correction is expected to begin.

• Traders who are holding long positions may retain those positions but be cautious in the downward correction of the 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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