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Global Markets Analysis – 08 June 2017

A commentary written by Tony Tong

08.06.2017 周四 马盘毛棕榈油期价接近前低技术支撑位




小结:美盘黄豆连小幅上涨提振豆油止跌企稳,而国际原油下跌带动棕榈油延续下挫——豆油棕榈油近2日走势出现细微分化。今天周四盘面上,马盘内盘油脂商品十字星K线表现,多空主力由于对后市看法上存在分歧仍在奋力搏击。而我们继续保持回落整理进行到尾声阶段的观点不变。操作上:激进型接盘多单继续持有,稳健型交易者暂继续场外观望——共同关注美盘豆油在低位止跌企稳后的 “具体走势”指引。

• US soybean posts small rebound to halt the decline, while global crude oil drags palm oil.
• Soybean oil and palm oil show minor divergence in the last 2 days.
• On Thursday, Malaysia palm oil market is caught is a tug of war between long and short interests.
• We maintain our outlook: downward correction is coming to an end.

• Aggressive traders may retain long position.
• Passive traders may stay on the sidelines.
• We shall observe the post-decline 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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