Tweet this

Dealing Desk Hotline

(603)-2181 8848

Global Markets Analysis – 23 October 2017

A commentary written by Tony Tong


美盘豆油12月合约,上周五晚间期价中阳上涨,反抽上攻技术压力位,期价曾一度冲高到34.47(击破原趋势线与60天均线的阻挡),后在多头逢高平仓盘以及空头主力阻挡盘的压制下,终盘期价以带上影线的中阳K线收盘于34.16. 该数字恰好是我们早先所预测的34.10–34.20范围内。今天周一亚洲电子盘期价继续在趋势线技术位置34.15波动震荡(预计短线要在该位置反复考验,验证1–3天),美豆油将在本周初给出市场明确信号—–是突破趋势线从而回到原来上升通道里?还是关键技术位受阻而再度下挫下来?我个人更倾向于后一种的受阻下挫。




• US soybean oil continues its uptrend after a sharp drop in the previous session.
• China and Malaysia edible oils are not synchronized, causing the upward momentum of the market become weaker.
• Traders may pay close attention to the uptrend line and 60-days moving average line on the chart of US soybean oil.
• We hold short-term long outlook as the market is expected to rebound and move upward.

• Traders in China and Malaysia market may initiate/average long positions but prepare to close positions when the prices are high.
• Traders in US market may prepare to close positions when the price are high from today.

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.

Subscribe to OPF Blog via Feed Reader or Email

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.


Share and Enjoy:
[] [Digg] [Facebook] [Google] [Mixx] [MySpace] [Twitter] [Windows Live] [Yahoo!] [Email]

Post a Comment

Displayed next to your comments.

Not displayed publicly

If you have a website, link ti it here


OPF reserves the right to delete comments that are snarky, offensive, or off-topic. If in doubt, read our Comments Policy.