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Global Markets Analysis – 22 September 2016

A commentary written by Tony Tong

22.09.2016 周四 马盘毛棕榈油领头羊的地位不容忽视,继续短多思维对待



马盘棕榈油基准12月,在9月20日周二跳空高开之后,昨日与今日期价小幅走低, 但整体期价仍在跳空缺口上方徘徊,也在等待美盘的后市指引跟支持,整体来说-马盘棕榈短线走强的领头羊低位仍在保持,马来西亚方面当前146万吨的极低库存,远低于去年同期的250万吨水平。而中国大陆方面棕榈油5年平均库存为69.63万吨,而当前中国国内却仅仅只有30万吨的水平,这对棕榈油市场的领头羊低位绝对称得上是一个有利支持。我们短多观点保持不变。


• Case for Fed’s rate hike weakens, resulting in Dollar Index drop.
• Pressure on global commodities eases, giving US crude oil and soybeans sufficient momentum to advance.
• Outlook on upward reversal remains strong.

• Traders may maintain short, medium, and long-term long positions, and not be influenced by the decline of the past day and a half.

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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