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Global Markets Analysis – 18 May 2017

A commentary written by Tony Tong

18.05.2017 周四 美元指数大幅下挫 非美货币 贵金属黄金成为避险工具





• US dollar index continues to slide, as fear in financial markets exacerbates.
• Risk-averse capital is seeking the exit while the use hedging instruments has increased.
• Commodities are not spared from the ripple effect.
• US soybean oil is still unable to break away from the 60-day moving average.

• Traders who had closed-out long position after the price surge may stay on the sidelines for the time being.
• We shall pay close attention to the 60-day moving average of US soybean oil.

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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