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Global Markets Analysis – 02 December 2016

A commentary written by Tony Tong

02.12.2016 周五 欧佩克组织减产协议的达成;给予国际原油市场一针强心剂

11月30日深夜原油输出国组织欧佩克减产协议的达成,如一针强心剂般提振了全球原油期货市场整体走高。美盘原油连已经连续2天长阳飙涨(11月30日-12月1日),2根长阳K线涨幅已经达到10%还多,我们继续看高国际原油价格一线, 直到本利多消息被完全吸收消化完毕时刻。





• US soybean oil broke new high but China edible oils were not able to follow and Malaysia palm oil began to ease.
• These signs point to a deceleration of the short-term uptrend of China and Malaysia edible oils.
• We maintain our outlook from yesterday: reduce long positions at high prices when possible.

• Traders may close-out long positions in China and Malaysia markets to lock-in on profits when US soybean oil achieves another new high.

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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