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Global Markets Analysis – 29 June 2017

A commentary written by Tony Tong

29.06.2017 周四激进型交易者昨日已进多单谨慎持有稳健型交易者今日可少量多单跟进





• As global crude oil stages a rebound, US soybean oil seems to be halting its decline.
• The downside of edible oils appears to be limited.
• With edible oils moving sideways, short-term trading is recommended.

• Aggressive traders may enter into long position in small position, in addition to those initiated yesterday.
• Passive traders opt to go long or stay on the sidelines at the moment.

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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