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Global Markets Analysis – 14 June 2017

A commentary written by Tony Tong

14.06.2017 周三 昨日马盘棕榈油意外中阴下跌

美盘豆油7月合约,短线期价仍围绕在60天均线附近徘徊震荡,多空主力仍对这一关键阵地进行争夺,昨日晚间的小阳K线,表明多头主力并未放弃(再前一天 空头主力曾主动阻击过),继续关注多头主力在60天均线位置的后市表现。




• As US soybean oil continues to hover near the 60-day moving average, a short-term rebound appears uncertain.
• As a result, China and Malaysia oils are affected by market sentiment: Malaysia palm oil slipped and dragged China edible oils along with it yesterday.
• With a short-term long position outlook in mind, we shall focus more on the technical signals of US soybean oil and less on the volatile movement of China and Malaysia edible oils.

• Traders may retain long position, in anticipation of US soybean oil breaking above the 60-day moving average.

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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