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Global Markets Analysis – 13 December 2016

A commentary written by Tony Tong

13.12.2016 周二 油脂类商品期价反复;但不影响下挫回落整理行情的延续





• Short term price correction condition continue in US soybean oil and China edible oil despite China market shown higher price volatility movement on Monday. Malaysia palm oil market downward with higher volatility condition remained.
• Short term uptrend correction views could remained and traders could pay close attention to following uptrend correction movement in edible markets.

• Traders with higher risk appetite may maintain previous short position and take opportunity to close position.
• Current uptrend correction condition could remained until market shown decreasing sign in current correction momentum.

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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