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Global Markets Analysis – 27 September 2016

A commentary written by Tony Tong

27.09.2016 周二 美盘大豆和美盘豆油期价走软拖累了内盘与马盘油脂商品短线走势




小结:由于美盘豆油的短线走软,不能一举突破8月23日的前高阻挡,这给内盘 与马盘油脂商品带来心理负面影响(内盘油脂商品已经在高位跃跃欲试很久了而马盘棕榈也早创出近2年多的高点位置),考虑到内盘油脂商品又要临近公共假期(本周只剩下28、29、30三天的交易日),我们在保持短线多头观点不变前提下-也要在操作上提前做个思想准备,若未来3天内期价不能继续拔高,我们建议多单适量逢高减持-特别是短线敏感型激进交易者,可考虑多单平仓离场,以规避市场因长假期带来的系统性风险损失,不与市场有赌博心理争斗。

• Short-term weakening and inability to break August 23rd high by US soybean oil hurts sentiment on Malaysia’s edible oil products.
• Due to public holidays in China on 28th, 29th and 30th, we maintain our short-term long position outlook, provided prices continue to climb in the next three trading days in Malaysia.

• Traders may reduce long positions by a reasonable amount, should prices fail to edge up in the next three trading days.
• Aggressive short-term traders may consider liquidating their long positions to avoid the adverse impact of systemic risk that may arise due to the long holidays.

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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