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Global Markets Analysis – 22 December 2016

A commentary written by Tony Tong

22.12.2016 周四 美盘豆油短线回落整理延续中;内盘与马盘油脂商品强势抵抗





• US soybean oil falls below 60-day moving average as downward correction continues.
• We maintain our outlook on the short-term downward correction of US soybean oil.

• Traders may maintain long position on China and Malaysia edible oils, with small downside room.
• Aggressive traders may wait for US soybean oil to fall to a significantly low price, and when China and Malaysia edible oils are attractively low enough, before initiating small amount of long position.

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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