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Global Markets Analysis – 26 October 2016

A commentary written by Tony Tong

26.10.2016 周三 获利筹码的提前兑现;造成盘面上人心不稳期价冲高回落


大陆内盘油脂商品豆油与棕榈油1701主力合约,在短线走势上就没有那么稳健了, 昨日周二盘中在获利盘涌出逢高兑现筹码过程中,期价出现大幅波动,市场人气不稳,稍微一个风吹草动都会造成慌乱,我们前几日就早早提醒过一定要谨防短线多头主力的兑现获利筹码的动作发生,我们在短多思维不变前提下;继续保持该观点不变。



• Global edible oils remain in a short-term upward reversal trend, showing no signs of switching gear.
• We shall maintain our short-term long position outlook.
• We shall remain cautious, keeping in mind that short-term profits are attractive enough for traders to close-out positions, with some market participants having already done so.

• We can design our trading strategy in three ways.
• First, traders may close-out remaining long positions that were left from the decline towards the end of last week.
• Second, traders may close-out some of the long positions that were entered into during the price surge.
• Third, traders may be prepared to close-out some long positions, depending on the conditions of US markets.
• Adopting any one of the three strategies mentioned above would not likely result in a low average exit price, as a means of facing uncertainties in the market.
• We may hold on to long positions when the market is going up, but should also be prepared to close-out positions as soon as undesirable signals emerge.

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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