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Global Markets Analysis – 10 April 2017

A commentary written by Tony Tong

10.04.2017 周一 美盘豆油延续低位右侧横盘 内盘 马盘 棕榈油出现情绪化下挫





• Soybean oil moves sideways, as palm oil plunges.
• Before technical signals of US soybean suggest a rebound, the overall movement of edible oils is drive by sentiment.
• Conflict between long and short interests becomes more apparent.

• Traders may retain short-term long position and are not recommended to turn short.
• Traders may pay close attention to the short-term 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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