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Global Markets Analysis – 28 July 2017

A commentary written by Tony Tong


国际原油短线反弹上行延续中,纽约原油期价已经临近49.00一线。美盘豆油12月合约,昨日周四晚间一度长阳上涨见新高34.69.。尾盘再度回落,终盘以带上影线的34.28收盘(仍然未站稳7月11月高点的34.44上方)。瞬间的毛刺突破在我们实际操作中是不成立的(仅代表有上攻欲望 但无功而返)。今天周五亚洲电子盘期价又低开表现,在34.10一线波动震荡,不能上破继续以短空思维对待。




• The steep decline on Monday in an already volatile short-term trend had disrupted our strategy this week.
• We hold a short-term short outlook on China and US edible oils, which are facing resistance at the moment.
• The fall of Malaysia palm oil today is may be the start of a downward correction.

• Defensive traders may reduce short positions.
• Aggressive traders may carry short positions to next week.

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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