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Global Markets Analysis – 31 October 2016

A commentary written by Tony Tong

31.10.2016 周一 短线交易者多单出局后;场外暂时观望



马盘毛棕榈油基准1月,期价同样到达2年半以来的高位后,出现了高位的横盘状态,上周5个交易日的横盘整理,也在提醒我们谨防期价回抽均线下挫。虽然截止到目前为止,盘面上尚未出现明显的下跌,但我们防范风险的意识一定要紧绷, 仿佛头顶上悬一把宝剑一样,风险意识永远是第一位。


• As harvest of US soybean draws to an end, with 93% in yield, supply-side speculation will be overshadowed by demand-side speculation.
• Despite maintaining our medium and long-term outlook, we shall be cautious about the short-term risks: take long position should the price fall to a level close to the moving average.

• Traders with no outstanding positions may stay on the sidelines, so as to not commit to the sideway trend.
• In the meantime, pay close attention to the performance of US soybean oil.

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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