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Global Markets Analysis – 28 December 2017

A commentary written by Tony Tong

28.12.2017周四 美盘豆油关键技术位处震荡内盘马盘油脂商品多单继续持有





• Direction of US soybean oil remains indecisive, in anticipation of a strengthening of upward momentum.
• Candlestick indicators suggest China and Malaysia edible oils may retrace today.
• We maintain a rebound outlook, as long as the depth of the retracement is not significant.

• Traders may retain long positions.
• Retail traders may take advantage of the possible reversal today, to roll-over positions to far month contracts.

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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