The main areas of recent influences of oils and fats:
1, the La Niña effect on agricultural products has a relatively large impact, not big is also a clichéd problem, the impact of kinetic energy is less than last year.
2, the international crude oil is strong, there will be an emotional impact on the oil;
3, the fundamental changes in the sharp decline are not obvious, but the transmission of inflation to CPI is easy to affect agricultural products, resulting in the firmness of agricultural products, so the firmness of oil and fat is still there for the time being.
Technical structure of grease:
1, vegetable oil, the night rebound to make up for the cycle gap near 10558, pressure 12560 and 12670-12750. The strong pressure watershed 12700-12850 is not broken in the consideration of the short. Keep an eye out for 60 minutes on the upper track near 12700, where the stagflation can be short. Support 12400 and 12200-12150.
2, palm oil, the night market continues to rebound with the grease, adjust the important pressure above the 60 minutes near the upper track after the boll closes, pay attention to the 60 minutes boll on the track near 9550-9600, the stagflation near the area can be short. Support 9200 and 9000. Check out above 9450 for early test flights.
3, soybean oil, the night disk continues to rebound with the grease, adjust the important pressure above the 60 minutes near the upper track after the boll closes, pay attention to the 60 minutes boll on the track near 9700, the area near the stagflation can be short. Support 9350 and 9200-9150. Take a tryout ahead of time to keep an eye on the 9550 above.
All of the above views are a comprehensive judgment of Ruoshui on the current market and public information, and most of them are personal views and opinions, only for exchange and learning, trading is risky, and investment needs to be cautious. Please indicate that you reserve the right to pursue the matter.
Written by: Wakazu ZSL
November 11, 2021