Tweet this

Dealing Desk Hotline

(603)-2181 8848

Global Markets Analysis – 12 July 2017

A commentary written by Tony Tong






• Weather factor continues to affect trading sentiment of edible oils.
• With central and western regions of the US experiencing dry climate, fear in the market intensifies and pushes US soybean oil higher.
• Experience tells us that bullish sentiment that is precipitated by weather plays may be reversed by a minor change in climate.
• We maintain a short-term long outlook but also prepare for possible unfavourable conditions.

• Until the short-term rebound shows apparent sign of fatigue, traders may retain long position.
• Traders are advised to always be ready to take profits when prices are substantially 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.

Subscribe to OPF Blog via Feed Reader or Email

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.


Share and Enjoy:
[] [Digg] [Facebook] [Google] [Mixx] [MySpace] [Twitter] [Windows Live] [Yahoo!] [Email]

Post a Comment

Displayed next to your comments.

Not displayed publicly

If you have a website, link ti it here


OPF reserves the right to delete comments that are snarky, offensive, or off-topic. If in doubt, read our Comments Policy.