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Global Markets Analysis – 14 August 2017

A commentary written by Tony Tong






• US soybean oil market is digesting bearish news that have come out of USDA report.
• Driven by long interest, Malaysia palm oil gains ground.
• China edible oils remain indecisive as they struggle to track rival oils.
• Global edible oils appear to be diverging, making it difficult to formulate a strategy.

• Uncommitted traders may stay on the sidelines.
• Traders may retain or reduce short positions in view of an ongoing downward correction of US soybean oil.
• Given the diverging trends of US soybean oil and Malaysia palm oil, defensive traders are advised to stay out of the market in times of high uncertainty.

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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