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Global Markets Analysis – 31 May 2017

A commentary written by Tony Tong

31.05.2017 周三 油脂类商品短线的回落整理行情延续中




小结:全球油脂类商品前期反弹之后的“冲高回落”整理行情仍在延续中,短线未出现明显的止跌信号—–我们继续短空观点对待。等待逢低多单埋伏进场的朋友暂不可操之过急,继续观察一下后市短线盘面。而激进型想追空操作的朋友也不建议该操作,密切关注一下美盘豆油在前低(4月10日 31.12位置)的表现,若双重底成立才可进场,若出现下破则会出现更低期价,因此时机把握是我们当前主要任务。

• Global edible oils are experiencing a downward correction after a rebound, with no clear signal as to when the decline may end in the short term.
• We maintain a short-term short outlook.

• Traders who are looking to go long at low prices may refrain from doing so at the moment and observe the short-term performance of the market.
• Aggressive traders are encouraged to stay on the sidelines.
• We shall pay close attention to the low point of US soybean oil.
• The emergence of a double bottom or new lows is key to timing our entry to the market.

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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