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Global Markets Analysis – 24 October 2016

A commentary written by Tony Tong


24.10.2016 周一 油脂类商品中-美盘横盘;内盘再度走强;马盘小幅高开

上周五晚间美盘豆油十字星收盘,并且留有长下影线,周五白天亚洲电子盘的弱势失地被部分收回,今天周一的亚洲电子盘美大豆与美豆油又红盘发力上涨,截止到目前,美盘豆油12月期价仍处于快速2天拔高后的横盘整理状态(第5个交易日),我们密切关注反弹上行的具体走势节奏。

大陆内盘油脂商品豆油与棕榈油1701主力合约,在上周四与周五2天短暂下滑走弱之后,今天周一上午期价再度走强,并且棕榈油1701合约期价又创出近几天的新高,并且一阳包二阴,上周末的走低丢失的失地被收回,我们以前报告提到过-主力资金刚封住一个涨停板,理论上来讲,不可能就轻易放弃,因为他们的资金还没有获得应有的“回报”,我们继续短多看待。

马盘毛棕榈油基准1月,今天周一早盘期价跳空高开,受美盘与内盘油脂商品走强带动,期价也出现上涨,我们短线多单剩余部分继续持有。

小结:油脂类商品上周末时候出现短暂走弱,本周一期价又再度走强,特别是内盘油脂商品长阳上涨,前2日的模糊疲软走势失地收复。我们继续保持短多观点,观点认为操作上:短线交易者,减持后的剩余多单继续持有,中线交易者多单持仓不动,后市关注目光焦点-仍放在快速上涨之后的逢高平仓机会“高点”上来。

[SUMMARY]
• After showing signs of short-term weakening towards the end of last week, edible oil picked up pace on Monday.
• China’s edible oil products, in particular, recovered from a decline in previous two trading days.
• We maintain our short-term long position outlook.

[ACTION]
• Short-term traders may maintain remaining long positions that were not closed-out last week.
• Medium and long-term traders may stay put and maintain long positions.
• We shall observe the next market high where we can close-out positions and take profit.

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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