julienSmart people will accumulate at low before the storm
viper88Profit taking is normal when price went up high. Oil price still above 50usd and supported well. Same goes to KLCI seems holding >1700
THHEAVY transaction vol this morning is quite low with only value abt RM500k+ mostly done at 0.205 and still holding well.
Support queue at 0.20/0.195 also good.
ltspromarTiming is very important,up around closing is better than beginning....strong support at 0.205
ltspromarSlowly digest the selling pressure than it will up again....my point of view...today thh may up closing at 0.215 or 0.22
ECGCI just que at 20c...lets the kontra clear first..coz lastnight saw something in frontken..
viper88If compare the vol 7Oct (buyer enter) with yesterday and today selling(exit), its so much lesser vol for (exit). Its quite +ve as it shows theres more buyer with holding power than those contra short term players inside THHEAVY.
Tomorrow is PH, some exiting but price still holding well with new buyer collecting/supporting at 0.21/0.205 today.
Oil market still quite cheap price even when theres conflict in Syria. Price expect to move up back after profit taking over. http://www.cnbc.com/2015/10/12/us-crude-inches-above-4750-on-bargain-hunting-after-slide.html