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Global Markets Analysis – 29 September 2016

A commentary written by Tony Tong

29.09.2016 周四 再次强调重申-节前减仓操作;一切等节后再战


大陆内盘油脂商品豆油与棕榈油 1701主力合约,昨天与前天,2天的阴K线期价下滑,令前期反弹上行走势受阻,今天周四盘中虽然期价低开高走小阳表现,但已经不能阻挡住期价下滑的节奏,后市期价仍会追随美盘走低。


小结:全球油脂类商品近两日期价出现走弱迹象,各地油脂商品均出现不同程度的下跌,虽然在日K线图表上均线系统表现为多头排列上攻态势,但短暂的期价下挫也是我们不愿意看到的,我们在前天时候就已经提前预警该情况的发生,再考虑到大陆内盘将有10天的长假期,为了规避无必要风险,我们已经建议多单尽量不持仓过节,特别是短线交易者,今天第三天,我们继续建议前期多单尽量平仓与减仓 操作。在这假期前后这个短暂时间段内-我们不再评判短线走势是上涨还是下跌,待节后回来我们再根据美盘的具体表现做出新的判断,一切以市场的走势为唯一答案。

• Global edible oils had been unevenly showing signs of weakening in the last two days.
• Reiterating our stand of the last two days, we are of the opinion that traders, especially short-term ones, should reasonably close-out and/or avoid long positions, citing risks that may arise over the 10-public holiday period.
• Going into the third trading day of the week, we maintain our outlook of partially reducing or completely closing-out long positions.
• We shall refrain from predicting the market movement between now and the start of the holidays.
• We shall make a judgment based upon the analysis of US markets after the public 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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