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Global Markets Analysis – 24 October 2016

A commentary written by Tony Tong

24.10.2016 周一 油脂类商品中-美盘横盘;内盘再度走强;马盘小幅高开





• After showing signs of short-term weakening towards the end of last week, edible oil picked up pace on Monday.
• China’s edible oil products, in particular, recovered from a decline in previous two trading days.
• We maintain our short-term long position outlook.

• Short-term traders may maintain remaining long positions that were not closed-out last week.
• Medium and long-term traders may stay put and maintain long positions.
• We shall observe the next market high where we can close-out positions and take profit.

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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