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Global Markets Analysis – 11 October 2017

A commentary written by Tony Tong






• Soybean and palm oil is expected to have the highest production in current session, therefore the market is bearish.
• Traders have inconsistent views on short term, middle term or even long term, prompting the market might be volatile.
• In short-term view, we hold short-term long outlook as the market retraced after it was oversold in previous session.

• Traders may pay close attention to the upcoming USDA report, which 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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