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Global Markets Analysis – 24 March 2017

A commentary written by Tony Tong

24.03.2017 周五 马盘棕榈油冲击前高未果



马盘毛棕榈油基准6月,在周三 周四2日冲击前高未果—-期价收盘时刻始终站不到前高之上,再由于内盘油脂的心理拖累,短线也出现期价下跌,今天周五盘面上十字星表现,市场成交清淡,在美盘豆油方向不明朗时候,马盘多空主力观望情绪较浓。


• China edible oils show short-term fatigue and direction of US soybean oil remains unclear, dragging Malaysia palm oil.
• We shall raise the level of caution, with close attention paid to the performance of US soybean oil in the next two days.

• Traders may retain long positions until clear signals emerge out of US soybean oil.
• Traders should be prepared to cut losses in adverse situations.

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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