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Global Markets Analysis – 09 August 2017

A commentary written by Tony Tong

09.08.2017 周三 内盘 马盘油脂商品多头主力出现一种蠢蠢欲动的躁动情绪





• Downward correction of US edible oils is still continue.
• However, downward correction of Malaysian palm oil and China edible oils have supported obviously and moved upward.

• Retail traders who have closed-out all short positions may observe the market and wait for another signals.
• Traders who are still holding short positions may pay close attention to the fundamental reports ( MPOB and US report) that will release on this Thursday.

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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