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Global Markets Analysis – 29 November 2016

A commentary written by Tony Tong

29.11.2016 周二 美盘豆油昨日晚间长上影线;内盘与马盘油脂商品今日小幅整理




小结:美盘豆油昨日晚间冲高回落以长上影线的小阳K线十字星收盘,盘中的强势未能保持到收盘时刻。美盘的短线走势影响到今天内盘与马盘油脂商品的走势, 内盘与马盘油脂商品周二盘中小幅下跌整理,以阴K线表现-只要今天阴K线的幅度不要太深,我们就继续以短多思维看待。观点认为操作上:不必太多惊慌,多单继续持有,等待美盘豆油下方的均线系统向上靠拢。

• US soybean oil was not able to maintain its strong run last night towards the end of the trading session.
• China and Malaysia edible oils were affected by US soybean oil and experienced a downtrend correction on Tuesday.
• We shall maintain our short-term long position outlook, as long as technical volatility remains relatively low.

• Traders may maintain long positions and wait for US soybean oil technical indicators to show bullish signals.

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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