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Global Markets Analysis – 20 September 2016

A commentary written by Tony Tong

20.09.2016 周二 昨日马来西亚棕榈油长阳飙涨一举突破前高;今日大陆内盘油脂商品补涨


马盘毛棕榈油11月,昨日周一盘中表现抢眼,期价高开高走长阳飙涨,创2周来最大单日涨幅,并且一举突破了2016年3月29日(2669令吉特)以来的所有高点的技术阻挡,后市短线的上涨空间被打开,这是我们早先时候就一直预测期待的,昨日终于演变成现实,我们散户朋友后市短线空单全部离场,以单边上涨观点对待, 后市第二上涨目标位看高到-2014年3月11日的高点2798令吉特。



• Malaysian palm olein broke previous resistance; may climb higher in the short-term.
• U.S. soybean oil also rose.
• Outlook for medium and long-term long positions remains strong.

• Short-term short positions may be closed-out.
• Medium and long-term long positions may be maintained.
• Uncommitted traders may enter long positions due to strong uptrend profit opportunities.

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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