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Global Markets Analysis – 20 December 2016

A commentary written by Tony Tong

20.12.2016 周二 油脂类商品各个品种走势略有分化;盘面略显混乱






• As the rise of crude oil price gets briefly interrupted and as US soybean oil continues to undergo downward correction, China and Malaysia edible oils attempt to buck the trend and move up.
• Edible oils are not moving in tandem, creating an uneven market.
• Taking into consideration the prolonged downward correction of US soybean oil, we maintain our long position outlook on China and Malaysia markets.

• Traders who turned long position from short may maintain position as we patiently wait for the US soybean downward correction to end.

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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