Hmm! The meaning of low price and when to buy or sell. Simple answer. The law of averaging to reduce the cost. Technical Analysis is the games play to reduce the cost, it is not to increase the cost.

When surfing, catch the wave. Waiting is the fun.

Invest and trade wisely.

Never trust Nomanland. I love Amsterdam, Holland.;)

ThomasTrain, you are not alone in the oil market. I am optimistic about oil price, 2016 onward because my investment in KNM is for medium to long term. My style is to reduce the cost to near zero with certain number of shares. Once I achieved my target, it will be my retirement funds and I will concentrate on another counter.

ThomasTrain, before you invests, ask yourself, contra/short/medium/long term!

Trade wisely and have a good morning to you.

http://www.marketwatch.com/story/oils-drop-below-38-may-cause-a-world-of-hurt-for-us-shale-2015-12-07?dist=tbeforebell

As crude-oil futures are descending toward seven-year lows, U.S. shale-oil producers are getting walloped.
...

http://fuelfix.com/blog/2015/12/07/conocophillips-aramco-see-oil-recovering-in-2016/

ConocoPhillips, Aramco see oil recovering in 2016
Posted on December 7, 2015 | By Bloomberg

Crude prices will start to recover in 2016 as output from the U.S. and other non-OPEC producers declines, according to the heads of ConocoPhillips and Saudi Arabian Oil Co., the world’s largest oil exporter.

Investment in U.S. oil production will be flat or lower next year, and diminishing output in the country in 2015 and 2016 will help re-balance the global market, ConocoPhillips Chairman and Chief Executive Officer Ryan Lance told reporters Monday at a conference in Doha. Supply from unconventional oil sources, such as U.S. shale deposits, fell this year, Saudi Arabian Oil CEO Amin Nasser said at the same event.

“There is no additional unconventional oil coming to the market; actually there is a decline,” Nasser said. “So the supply and demand imbalance in the market will adjust and stabilize, and the gap will be closing. And we will be seeing, hopefully, adjustment in the prices going forward starting in 2016.”

Oil has tumbled more than 35 percent in the last 12 months as the Organization of Petroleum Exporting Countries boosted supply in a battle for market share with producers outside the group, including Russia and U.S. shale drillers. OPEC members decided Friday to abandon their collective target of 30 million barrels in daily output after exceeding it for 18 consecutive months, data compiled by Bloomberg show.
...

Morning to all,

When investing in Oil and Gas, ...

Tuesday, EIA, Short Term Energy Outlook.
Wednesday, US API weekly report.
Thursday, OPEC’s monthly oil report.
Friday, IEA, oil market report.
Friday, Baker Hughes, weekly oil rigs report.

http://oilprice.com/Energy/Energy-General/Stronger-Dollar-And-OPEC-Inaction-Force-Crude-Below-40.html

Look at the first chart

"While this highlights the extremely bearish mindset of the market, we have to remember what happened the last two times we were stretched to such extreme short positions: at the previous lows in March and August. At these junctures, prices experienced a swift bout of short-covering, propelling prices higher."

@Samuel Ang, I was guessing today suppose to drop like hell. It did not. Well, back to square one.
Next few weeks and coming year, according to those link I posted, the possibility that oil glut is diminishing. Demand is more than supplier. Refer to some of those link posted.

Trade wisely.

@tht1,

Weekly,
1. neutral ground.
2. but, the #6, ShortTerm volume+price oscillator above 0, possible sign.;)
3. #2, Bollinger Band width(red), getting narrow.
4. #2, Bollinger Band %b(green), still maintain above its middle Bollinger band(yellow)
5. BUT, #8, the price chart, the FVE(white) still above 0 and going down, distribution. more toward distribution. Was due to oil price and Opec.
6. My perspective, strong support at 50 areas

Daily,
1. Hmm! Wait for Wednesday EIA and API report.
2. but, the #6, ShortTerm volume+price oscillator about to cross. :)
3. #2, Bollinger Band width(red), getting and going to 0. very narrow
4. #2, Bollinger Band %b(green), still maintain above its middle Bollinger band(yellow)
5. BUT, #8, the price chart, the FVE(white) still above 0 and going down, distribution. more toward distribution is getting bearish zone (below 0)
6 #5, stochastic, almost oversold.
7 #4, I am waiting for the next /\ sign

Have a good evening, folks! Trade wisely.

@sarahdeaton, are you alright, today?

http://oilprice.com/Energy/Crude-Oil/Oil-Bust-Kills-Off-19-Million-Barrels-Per-Day-Of-Future-Oil-Production.html

http://oilprice.com/Energy/Energy-General/OPECs-Middle-Finger-To-The-Oil-Markets.html

An interesting opinion or article to read while waiting for .....

http://www.marketwatch.com/story/bernie-madoff-looks-like-a-small-time-crook-compared-with-this-master-con-man-2015-12-04

OPEC foresees 1.3 million barrels per day oil demand grow in 2016

http://en.trend.az/business/energy/2465175.html

As for those investors or traders, Sumatec is another oil and gas counter that will benefit, especially next year, 2016, onward.

This is just another humble opinion.

Oh my! OPEC. Oil price still maintain at above USD40 even after OPEC decided to increase their production quota from 30M to 31.5M bpd where the new quota is the current production level. As the market already assumed that OPEC will not decrease the production was due to next year, 2016, where demand of oil from ASIA will increase.

I am not worry about the oil price. KNM is not an upstream, middlestream, or down stream players. Any oil producing(upstream) company, such as Petronas, need to built, repair, or maintenance, KNM is one of the player. When looking into the KNM's company profile, KNM's business is well diversified into other energy or investment.

As for the FED's interest rate (that can affect the oil price), if you search the web, historically the USD will drop after they increase the rate.

Investors or traders that invested in the Oil and Gas counter, please do some research in the web to understand more about oil and interest rate before making an effing decision.

KNM is for mid to long terms investment.

This is just a humble opinion and reading lots of article in the free world wide web.

Have a good weekend, folks.

An interesting article really need to digest ...

http://www.marketwatch.com/story/is-saudi-arabia-about-to-boost-oil-prices-2015-12-02?dist=lbeforebell

@Shafi Awong, slow up.

hint no 1: look at #2 and #3. As long at BB% above middle Bollinger Band, and the direction of the BB%. In the meantime, I will continue wait until it breaks down. Think about it.
hint no 2: at the price chart, the light blue line, above the - - -, bull.
hint no 3: look at the #4, refer to the note.

MAJOR HINT: wait for OPEC meeting then you decide(on Monday) whether it is up or down or going nowhere.

@Shafi Awong, I wished I can tell everyone when to enter or exit.

1. Time to enter, what if after 4:30pm, the price drops and continue for the whole week?
2. Time to exit, what if after 4:40pm, limit up and continue to next day?
3. We never know, I could be dead in one hour from now from over too excited on limit up or down.
4. Read the notes from the blog where it is located below all the charts.(I tried to explain)

Lesson Number 1. Always be happy investing whether gains or losses.
Lesson Number 2. GOOGLE is your best place to learn Technical and Fundamental Analysis.
Lesson Number 3. Nomanland is not a fortune teller or predict future event.
Lesson Number 4. If I know, I buy lottery which is easier to win than invest in the share market.

All the best to you and learn Lesson Number 2 while investing.

To all human being. The chart, trial and error, to find early entry and early exit. different counter, has different period. Therefore, please do note that I change the period time to time.

Please...
"Invest wisely and always have some reservation for yourself when reading the comments from unknown human being in the forum including this NoManLand."

"Greed always murders and kills the profit without warning."

@mason, 830am huh!, sleep at around 130am, wake up around before 7:00am. Me, maybe going full time in stock market in 3 years. I am kind of tired of programming software...

@ThomasTrain, if you are going to invest in oil and gas counter, you must have the patience, and warm hand and feet.

"Greed kills the profit"
Invest wisely.

@mason, software development.

... look at the queue volumes, buyers versus sellers (since last week)
think about it. A point to ponder.

And now, last but not least...

http://www.marketwatch.com/story/is-saudi-arabia-about-to-boost-oil-prices-2015-12-02

Now, Nomanland's time to go back to work. ;(

reporting again...

http://www.marketwatch.com/story/saudi-arabia-allies-willing-to-cut-oil-production-if-others-follow-2015-12-02

I must be damned free in the morning...

Most members of the 12-member oil cartel OPEC are reportedly willing to agree to cut their output to prevent oil prices from tumbling much lower.

That’s according to the Iranian oil ministry’s website Shana, which cited comments from Mehdi Asali, a ministry official.....

http://www.businessinsider.my/report-says-opec-agrees-to-output-cut-2015-12/

huh! another one...

http://fuelfix.com/blog/2015/12/01/scrapping-150-projects-big-oil-could-become-structurally-impaired/

Good morning, while I am waiting for ....

Found an interesting article for you all to read....

http://oilprice.com/Energy/Energy-General/Oil-Price-Rebound-Might-Come-Too-Late-For-These-Bakken-Producers.html

Summary

The next 8 – 10 months LTO extraction from the Bakken will be in a steep decline, even if oil prices significantly rebound. The future trajectory for LTO extraction from the Bakken is now driven by financial dynamics. However, enduring low oil prices will cause serious financial stress for most of the LTO producing companies in the Bakken.

Last week until today, there were/are more buyers (lots size) than sellers. 2 times or 2++ to 1.

Just an observation.

Samuel Ang, you might want to monitor the EIA report, oil rigs, and .... if you are going for oil and gas counter.

http://www.eia.gov/petroleum/
http://www.bakerhughes.com/

Samuel Ang, I wished I know the direction. But, based on historical, possibility of same event might or maybe can repeat itself. Hard to tell. USD up/down, OPEC+Russian, cut/remain/increase, oil demand increase/descrease, oil supply increase/descrease. War or no war!

An interesting observation on KNM's Chart which I did not notice until now. Almost every year, from December to February month is the uptrend! Point to ponder!

An interesting company with a share price of RM0.510/share
http://www.knm-group.com/knm_structure.htm

KNM is not...

1. The upstream oil sector is also commonly known as the exploration and production (E&P) sector. ....
https://en.wikipedia.org/wiki/Upstream_%28petroleum_industry%29

2. The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products....
https://en.wikipedia.org/wiki/Midstream_%28petroleum_industry%29

3. The downstream sector commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas,[1][2] as well as the marketing and distribution of products derived from crude oil and natural gas. ...
https://en.wikipedia.org/wiki/Downstream_%28petroleum_industry%29

Another interesting article to digest...
http://www.zerohedge.com/news/2015-11-28/can-oil-industry-really-handle-much-debt

An interesting article to read for Sunday...
http://oilprice.com/Energy/Energy-General/Why-Low-Oil-Prices-Wont-Cure-Low-Oil-Prices.html

Alex Chan, "Trending lower. With Christmas season, businesses winding down it is unlikely to higher"

Are you sure?

Read and understand the link below

http://www.wintershall.com/en/company/oil-and-gas/oil-can-do-more.html
http://www.eia.gov/energyexplained/index.cfm?page=oil_home
https://en.wikipedia.org/wiki/Petroleum_product

Simple economic. Supply and Demand. Yes, currently the crude oil is over supply. BUT, lots of oil companies are cutting down their budget and investment on digging for crude oil. The existing oil rigs that producing is diminishing as time passing and oil IS NOT INFINITE once a hole is dug and producing it.

Do you know that India demands for oil is increasing, year to year? Same as China.

Think about it.

@vews08, as for the chart, will wait for Monday or Tuesday. OR wait until OPEC meeting(if anyone dare)

I am waiting for another announcement new project.

@vews08,
1. Fundamental, KNM has a good future.
2. Share price, is cheap and not so volatile (progressive down and up) that can not cause a heart attack.
3. KNM's capable securing project and progressive improving their profit.
4. Current crude oil price dropped below USD50, KNM's share price of RM0.52++ is good deal to keep for a longer term. (imaging the crude price goes up to 60-80, what will the share price will be in term of profit gain in percentage?)
5. I invested in KNM (main), WA and WB
6. WA and WB price, minimum fluctuation. It is cheap and larger share lots to gain higher profit in term of percentage.
7. I invest long and short term. Using short term(technical analysis) to reduce long term cost. Averaging the cost to almost zero is the target.

8. Next one to two week(s), will be very interesting week for crude oil and all the oil counters.

The above statement is Nomanland's idiotic investments in the share market.
Win some, lose some. This is life.

yamatotrading, patience and don't make spontaneous decision for the "high tax" that cause the drop of profit.

Read the article carefully.
http://www.theedgemarkets.com/my/article/knms-3q-net-profit-slumps-86-higher-tax-expenses

Just my humble opinion.

Early bull.

Waiting for the QR.

@Alex Chan,
Brent, http://www.investing.com/commodities/brent-oil-streaming-chart
WTI, http://www.investing.com/commodities/crude-oil-streaming-chart

Brent is for International
WTI is for US of A.

@musashi69, still maintaining the sumatec chart and plus other counters.

http://www.investing.com/news/commodities-news/oil-spikes-higher-after-bullish-saudi-comments-372531

Investing.com - Oil prices rebounded from earlier losses to spike higher on Monday, after Saudi Arabia said it is prepared to use all measures necessary to ensure a stable oil market.
The world's biggest oil producer added that it is ready to cooperate with OPEC and non-OPEC producers in order to stabilize prices.
......

Interesting article to read and digest...

http://globaleconomicanalysis.blogspot.my/2015/11/oil-patch-problems-rigs-down-60.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

omarramli, KNM's trend direction are subject to change especially crude oil's price. Before making any decision, ask yourself, short or long term trading. Don't forget, KNM also invested in foreign country where their revenue is in USD.

Long term wise, KNM is a good counter. Short term, technical trading.

I am in long and short term. Short term trading to gain extra and reducing Long term cost. This is my way of trading.

omarramli, I am waiting to enter(buy), for certain signal orange /\ or red /|\ to appear. And also some line to cross 0 and 50 before those /|\ appear, which ever comes first. Early entry(buy) and early exit(sell).

Currently, it is down but look likes going or wanting to break out.

Read those notes I stated there.
Please trade wisely and I am not going to be responsible for your gains or losses.

also, stochastic, mfi, smoothed rsi

overlay Bollinger Band. you will be able to see a clearer movement.

http://www.marketwatch.com/story/why-stocks-are-taking-their-cues-from-crude-oil-prices-2015-11-16?dist=tbeforebell