Tweet this

Dealing Desk Hotline

(603)-2181 8848

Global Markets Analysis – 24 October 2017

A commentary written by Tony Tong

24.10.2017 周二 美盘豆油继续测试关键技术位的阻挡?突破?





• US soybean oil continues its uptrend after rebounding in the previous session.
• China and Malaysia edible oils began to move upward.
• Traders may pay close attention to the movement and position of US soybean oil.
• Our short-term long outlook remain as the market is expected to move upward.

• Traders in China and Malaysia market may initiate/average long positions but prepare to close positions when the prices are high.
• Traders in US market may prepare to close positions when the price are high.

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.

Subscribe to OPF Blog via Feed Reader or Email

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.


Share and Enjoy:
[] [Digg] [Facebook] [Google] [Mixx] [MySpace] [Twitter] [Windows Live] [Yahoo!] [Email]

Post a Comment

Displayed next to your comments.

Not displayed publicly

If you have a website, link ti it here


OPF reserves the right to delete comments that are snarky, offensive, or off-topic. If in doubt, read our Comments Policy.