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Global Markets Analysis – 27 October 2016

A commentary written by Tony Tong

27.10.2016 周四 美盘大豆发力反弹;美盘豆油略显踌躇





• The current short-term upward reversal of global edible oils has yet to see changing technical indicators.
• Despite maintaining our short-term long position, after taking into consideration the rather huge short-term profit that can be taken by closing-out long positions, retail traders should cautiously wait for opportunities to exit positions at a high price to gain good profits.
• While it is not possible for all retail traders to exit the market at the same price, each participant should be able to formulate an exit strategy that is suitable to them.

• We reiterate our view of the past few days: safety of capital comes first, profit potential is secondary.

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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