Share

Tweet this

Dealing Desk Hotline

(603)-2181 8848

Global Markets Analysis – 26 July 2017

A commentary written by Tony Tong


26.07.2017周三马盘毛棕榈油异军突起拔高但可靠性有待观察

昨日周二晚间,国际原油期价长阳飙涨,主要受OPEC成员国延长减产协议利多情绪影响,据说俄罗斯已经同意原油减产延长至2018年3月份。美盘黄豆连昨日晚间长阴K线下跌,期价下跌幅度较大一阴包多阳,短线下挫态势明显。美盘豆油12月合约,昨日周二晚间曾一度红盘上涨表现,期价上破了7月11日的前高34.44,可惜晚节不保,在创近期新高34.62之后,尾盘时候发生了冲高回落走势,终盘以33.93阴K线收盘,美豆油12月合约昨晚仍未上破成功,我们继续保持短空观点对待。

大陆内盘油脂商品豆油棕榈油1709主力合约,昨日低开高走的红盘上涨表现,今天周三高开低走阴K线走势,短线走势较为模糊,期价在未突破7月11高点之前继续空单持有。

马盘毛棕榈油基准10月,昨日周二盘面中阳K线上涨,期价率先突破前高点,创出2631新高,昨日涨幅将近3%为几个月来的新高点。今天周三早盘,受周边外围市场下跌影响,期价早盘低开走低,马盘棕榈油的独特性格在昨日又得到表现,但上攻动作的牢靠性有待我们继续观察—–毕竟只有马棕榈单个品种发生了突破。

小结:内盘油脂商品追随美盘油脂商品短线走势较明显,而马盘棕榈油存在追随国际原油走势的新特征。对于昨日马盘棕榈油的独立表现,有待我们继续关注可靠性。鉴于美盘豆油未上破成功,我们建议继续短空思维对待。具体操作上:短线空单继续持有,不见美盘豆油上破前高点,不建议内盘马盘油脂商品止损。再多观察一半日。

[SUMMARY]
• The performance of China edible oils appears to track that of US edible oils, while Malaysia palm oil seems to be moving in tandem with global crude oil.
• We shall pay close attention to the exceptional performance of Malaysia palm oil yesterday.
• With US soybean still yet to break above the high, our short-term short outlook remains.

[ACTION]
• Traders may retain short positions.
• Until US soybean oil breaks above the high, traders may refrain from cutting losses on China and Malaysia edible oils.

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:
[del.icio.us] [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

PLEASE NOTE:

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


SiteLock