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Global Markets Analysis – 21 April 2017

A commentary written by Tony Tong

21.04.2017 周五 美盘豆油期价又临近到横盘整理的区间上沿技术位置


内盘油脂商品豆油棕榈油1709主力合约,昨日周四盘中小阳K线表现,在美盘豆油未能给出短线突破方向指引前,指望单独内盘油脂商品走强还不现实,只有美豆油能站上32.20以上价格(越远越好 ),内盘多头主力才会真正发力,继续关注美盘豆油的表现。



• US soybean is anticipating for a short-term breakout of the sideway range, as China and Malaysia edible oils wait for a clear signal.
• We outlook remains: seeking a technical low point.

• Traders may continue holding long position and observe the performance 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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