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Global Markets Analysis – 21 July 2017

A commentary written by Tony Tong



大陆内盘油脂商品豆油1709合约,短线走势不疼不痒,期价整体波动不大,对市场影响有限(鸡肋)。对 内盘棕榈油1709合约来说,则要多出一份谨慎心态—–该品种本周三期价触及下方60天均线,周四期价小阳走高,今天周五早盘高开低走。内盘棕榈油期价在7月11日5540高点之下与下方60天均线5310之间波动徘徊。



• Edible oil markets showed drastic change on Thursday, prompting high uncertainty in the short-term.
• Our original plan of initiating long position after the downward correction had been interrupted.
• At this point, we are not certain if the correction has ended.
• As a result, we may resort to an alternative strategy: go long if the high of July 11 is hit next week.

• Traders may close-out all short positions and stay out of the market at the moment, or reduce those positions.
• Passive traders who are do not hold position may begin to prepare for next week’s strategy.

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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