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Commentary by Tony Tong

Global Vegoils Analysis – 21 Sep

美盘黄豆连昨日周四晚间中阳K线上涨表现,在周三低开高走的“阳包阴”K线上涨之后------已经形成两根错列上行的中阳K线,...

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    Gold Commentary by DAR Wong and Chong HC

    Gold & Oil Markets – 10 Sep

    • WTI crude range USD67-71 expected to continue.
    • Possible dip to test USD65 /bbl before rebound.
    • China's demand to ease, OPEC's cut balances supply.
    • Gold range at USD1190-1210 /oz until breakout.
    • Next support, resistance to emerge at USD1175, USD1225 /oz.

    ⇒ Read Full Commentary

 

    Crude Palm Oil Weekly Outlook by OPF

    CPO Trading Summary (Sep 10-14, 2018)

    Malaysian CPO Benchmark Contract Closing Prices:
    • Sep 10 - Agong's Birthday
    • Sep 11 - Awal Muharram
    • Sep 12 - 2,239 (-25 pts)
    • Sep 13 - 2,243 (+4 pts)
    • Sep 14 - 2,222 (-1 pt)

    CPO Price Outlook (Sep 17-21, 2018)

    • FCPO broke EMA50 and EMA25 -candlesticks daily chart.
    • Daily chart indicates the bear has arrived.
    • Strong resistance around 2,257.129, despite breakout.
    • Sellers outperformed buyers driving price lower.
    • This week FCPO to test 2,2220 1st support level.

    These levels will be observed this week:
    • Resistance lines 2,235 and 2,250.
    • Support lines 2,220, and 2,210.

    ⇒ Read Article

 

DAILY COMMENTARIES


 

MPOB DATA for AUGUST 2018

DATA MIL. TONNES CHANGE
EXPORT 1.1 8.1%
END STOCKS 2.49 12.4%
OUTPUT 1.62 7.9%

1) Data released every 10th of the month.
2) Values are in quoted in Million Tonnes.


 

AmSpec - SEP 2018


SEP 1-20 AUG 1-20 DIFFERENCE
1,051,807
tonnes
609,098
tonnes
+ 442,709
tonnes
(72.7%)

1) Data on 10th, 15th, 20th, 25th and last day of the month.
2) Values are in quoted in Metric Tonnes.


 

SGS CARGO SURVEYOR - SEP 2018

SEP 1-20 AUG 1-20 DIFFERENCE
1,095,554
tonnes
625,819
tonnes
+ 469,735
tonnes
(75.1%))

1) Data on 10th, 15th, 20th, 25th and last day of the month.
2) Values are in quoted in Metric Tonnes.

 

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