connie, oooh dear,

are u being disturbed by Barakah kah ?? This ctrs is going to her last down leg which may end near 1.3000, but there may be higher if some Middle East piping projects can be secured near term...........
Barakah is considered a day trading / short term trading target. I did not hold it for long term as her FA is not up to the marks...

Do watch it and monitor the good news from the Middle East on availability of any new projects for her.

bye bye and Happy trading

Connie dear,
adik Duit
All in this thread,.............

Aiyoooooooooo, i hv missed all your interesting moon cake chats lor.....

I bought a few boxes of moon cakes ,some canned mixed nuts from Singapore , and went to the Batam shopping complex to buy X.O, wines and Beers lor,...... as I hv requested my closed friends from both Singapore and Indonesia to join me today / Sunday gathering here.

If nobody joins me then, I will eat the moon cakes , drink the wines and watching the full moon all alone lor!!!......But it will be ok for me........ as i can enjoy myself too.......

Wishing you happy moon cake festival.. do enjoy yourself...

A very GOOD DAY & bye bye.........

Now, the US bull's market has crossed 2000 days' mark, What is next ???? can the S&P 500 BE FURTHER BULLED UP TO 3000 as forecast by Stanley Morgan.?????.....

My next posting is on the way............ happy trading...

bye bye ........... Happy Moon cake festival and do enjoy this DAY WITH YOUR LOVED ONE............

connie dear,

looking for me kah ??? since my dad will only be discharged next Tuesday, i hv decided to go Batam for a short holiday. I am now in Batam View Resort,.... having sun bathing ,and then after lunch , i will be going for Herbal SPA ......... miss you very much lor...

Wishing you huat huat and all the best and be Happy always,

Happy trading, bye bye.......
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

Adik Duit, ....will chat with you later, wishing you all the best too,
and be happy always....... bye bye...

today picks

Frontkn,
Dnex,
DGB

The Proof is in the Pudding
Proof the economy is firing on all cylinders and the Fed is not rushing to tap the brakes, the dollar jumped to its highest level this year against the yen on Tuesday following strong U.S. economic data coupled with lackluster volume. Concurrently, the yield on 10 year Treasury's rose following the same news.


Markets are disregarding any geo-political risks stemming from Russia and her standoff with Ukraine, as well as beheadings in the Middle East by insane religious fanatics. The real picture was influenced by concerns demand from Europe and China is declining as their economies are growing more vulnerable to a recession. However, the general trend in crude remains sideways prices at these levels can be more effective at taking money out of the system because the effect is almost immediate whereas adjusting the short-end of the curve takes one or two quarters to produce results. This may be why the Fed remains sidelined and isn't worried enough to take any action yet. Should a catalyst push crude towards $150 or higher, it would actually threaten the recovery. In this writer's opinion, the Fed is staying on the sidelines because geo-political tensions are rising in the Middle East and in Eastern Europe. Event with demand from Europe and China declining, as we approach the winter months, refinery output will shift from petroleum to heating oil.
There's also the strengthening US dollar, which could keep a lid on crude prices to offset any geo-political premium. In other words, we may see order through chaos.
Geo-Politics, Declining Demand in China and Europe, Fund Flow Data

In early July, the yield on ten-year US Treasury's was around 2.55%. Yields have fallen further, to around 2.40% at the time of writing, continuing a trend in place since the start of the year, and one which is expected to continue through year-end. US Treasuries are likely benefiting from safe-haven demand. Rising geo-political tensions make US Treasuries an attractive alternative to bunds. Ten-year bunds are currently yielding well under 1%, resulting in record spreads so wide traders are driving trucks through while they can. However, the idea that investors are entering a "risk off" mode would be at odds with the pricing of most other asset classes coupled with measures of implied volatility in particular.
The Variant View
An alternative explanation focuses on other types of flows. It turns out that the reduction in FOMC purchases has not been the only cooler talk. Faced with a slowdown in economic growth, the Chinese have been pushing the renminbi lower during the first half of the year. This has added to foreign demand for US Treasuries if anything. Net purchases of US Treasuries by Chinese residents have been stepped up dramatically in 2014, currently running close to $30 billion per month. Moreover, the US federal government deficit has narrowed dramatically over the past few years thus the net supply of US Treasuries are significantly less now than they once were.
Net Net of it All
The reduction in 10 year US Treasury yields over the past two months has been a surprise, but if employment and inflation continue to firm, then in our judgment 10 year US Treasury yields are more likely to rise than to fall. Until the Fed is well into a tightening cycle, expect stocks to continue what we believe can be defined as a cyclical bull market.

.....HAPPY TRADING

Global economic outlook......(part 1 on USA)

Historically, August tends to be a quiet month characterized by lackluster trading and/or an overall decline in prices, sometimes precipitously in both areas. There is one exception however, depending on the macroeconomic health of the US economy.

In financial trading, August can either strengthen the trend preceding it, especially in the case of cyclical bull markets, or August can paint a bleak picture of what's to come. Within global macro circles, market behavior during the eight month of the year is examined relative to index fund inflows. While it's understandable for volume to drop-off when most of the financial industry vacations in August because the school year is about to commence,

With the Bears Away the Bulls Can Play: Identifying a Cyclical Bull Market

If the overall economy is not only healthy, but firmly in the midst of recovering from the depths of a deep recession, the data should show a continued inflow of new money in index funds. Present indicators suggest the economy is firing on all cylinders. Coupled with a lack of regulatory intervention (i.e. tightening monetary and/or fiscal policies), the economy will continue to show improvements both in employment and in rising incomes. The net effect is continued capital flows into index funds, and as recent data shows, August saw significant inflows. As global macro practitioners, this little nugget of knowledge is crucial. The general health of the stock market, even as far back as the Dow Theory, depends on a healthy economy that's creating jobs and raising incomes. If a bull market is genuinely cyclical, the correlation between vacationing traders in August and declining stock prices would be severed. It's been a while since this little qualifier has materialized, but recently released numbers for August inflows presents bulls with a strong case for a cyclical bull market in stocks. Keep in mind however that "cyclical" is a long-term view while traders are more often concerned with the short term picture.

We certainly did see a substantial drop in overall volume for the month of August. Combined with strong fund inflows into index funds, and as you'll read below, massive Chinese household buying of US Treasuries, stocks may have actually experienced an exaggerated rally due to a lack of short selling, a practice most often employed by Wall Street Hedge Funds and generally taken for granted by Main Street as either "un-American" or "anti-capitalistic behavior". Although an upward push in August is good news for the bulls, it should raise alarms in the short term, especially with volatility at extreme lows. A potential counter-move or correction going into October would be healthy, though the degree of any correction depends on the move preceding it. In this particular case, a decline could be so sharp that we may witness another "flash crash", a neo-contemporary phenomenon of market behavior almost guaranteed to re-occur as long as the same micro-structure market regime remains firmly in place. Behavioral finance played an important role in the October crashes of past. It seems to be an accepted truism that markets will fall, often precipitously, in the month of October. This assumption manifests itself into reality compliments of the herd and behavioral economics.

duitKWSPkita ,

adik , just read your above posting......

1) The announcement of pn17 status is not covered in chapter 14 of the Bursa's act.Yeap, you are spot on, that is what you saw recently on Ho Hup and Sumatec , All the directors are FAT CATS now.

.... let's look at the criteria for uplifting PN17 status,...

5.2 If a PN17 Company undertakes a regularization plan which will not result in a significant change in the business direction or policy of the PN17 Company, it must –
(a) submit to the Exchange the plan and obtain the Exchange’s approval to implement the plan within 12 months from the date of the First Announcement;
(b) complete the implementation of the plan within 6 months from the date the plan is approved by the Exchange. However, for cases which involve court proceedings, a PN17 Company has up to 12 months from the date the plan is approved by the Exchange, to complete the implementation of the plan; and
(c) record a net profit in 2 consecutive quarterly results immediately after the completion of the implementation of the plan. In this regard, the PN17 Company must ensure that the relevant quarterly results are subjected to a limited review by an external auditor before they are announced to the Exchange.

Note: it is extremely easy to "make" a "good" financial report , even achieving a EPS 0f RM 0.002 is good enough...( for Sumatec, her average EPS for her latest 2 qtrly report is RM0.0015) .

The problem is on the Enforcement , as the classifications on "sensitive information" rule as highlighted in Chapter 14 is sufficient.



2) On the so called dealings in Closed period / Off market deals are so rampant recently, an effective enforcement is the only solution to clean up our present mess... Our Bursa regulation rules on Chapter 14, are almost the copy cat of London stock exchange , with some modifications to suit Malaysia ........

so we need neutral / impartial and hard working Bursa officers to do a good job.......

Happy trading

dear all,
i hv to sign off now, chat with you later,

Happy trading

adik Duit,

next week i will attend a crude oil discussion in twin tower, will update you thereafter,...hihiiii

duitKWSPkita

adik, what I said has been stored in my life's long memory chips which is permanent. Don't worry , we will discuss that and may be forming a foundation to do it systematically and professionally...... on charity...

duitKWSPkita , adik,

aiyooo, don't be scared lor...... I am no shark , as You said so maah..

I am a normal little stock trader, ...cari makan sikit sikit lah, see i hv no choice but doing day trading to earn a living maah.......

I am learning every day from all sifus and experts throughout the world maah... learning is also enjoying life lor........

happy trading

duitKWSPkita,

as i hv said, you are so cute... I like... hihiii

adik Duit,

I am shark ...... may be .....but I don't eat small fish, i look for whale...... hoihii, just joking..

let us jointly work to hit 1000 pages for this thread by next month, and then thereafter we both will "hilang" for holiday lor....hahah

Missy ,

moon cake festival=== China lover's night lor...... hihiiii

duitKWSPkita ,

adik, you are cute .... hihiii

duitKWSPkita ,

CPO is looking at RM1900 near term.......

duitKWSPkita , TA+FA ==== best prediction , hahah

duitKWSPkita ,

hihi, adik, that was a good call...... hihiii,congra

trustme932 ,

Incken may complete her Down wave near bottom 0.75-0.78,... thereafter, her upward wave may be expected ....... i will wait for her reversal.....

connie , dear,

only 90% maaah.... hihiii

duitKWSPkita , adik,

surely, I will wait for you lor....

fitter,

it may go to my next TP near 1.45000

trustme932

for Incken. i will wait and see whether she can get support at 0.85000 near term, as it is now rather bearish chartwise

happy trading

duitKWSPkita, good morning,

To goreng boilermech, we need THE cooperation of Chia shiong Kung , but I don't think he wants to play this ctr, after all, his family controls 75% of this stock,......, moreover, my fair price is near RM1.000,.. ,
hahah.....

Missy , good morning,

thanks

last night All EU futures Bull bull lah........ hihiiiii

hihi,
adik Duit,
connie, and all here,

Good morning to you all, and hope all here huat huat huat lor......

Happy trading

For my reader who wants to know some basic Elliott wave (EW), PLS GO TO THE LINKS BELOW :---

http://proelliottwave.com/free-elliott-wave-resources/elliott-wave-principle-basics/

http://www.slideshare.net/shaned30/traders-worldmagazine-elliottwaveunveiledwwwdl4allcom?related=1

more links will be shown later.....

happy trading, good night .... bye bye,...

my top pick for today daytrading (Thursday):-

Glotec
Frontkn
Pmcorp
Wintoni
DGB
Tenaga & Tenaga-C7
Mahsing & Mahsing-WA
SUMATEC-WB (Shorting),

will hv updates on them while trading IS in progress........

happy trading to you all

adik Duit, good night....... bye

duitKWSPkita ,

adik, i will be your supporter always.....

happy trading

motomoto ,

will reply your post tomorrow,

thank you

chiongster1234,

thank you

duitKWSPkita ,

adik, i hv just post my comment on Boilermech in your thread.

Adik Duit, it is possible for Exxon Mobile to declare inflated figures for some specific purpose...... but if you look at the other 3 IOC members,the average costing is still quite near 40 dollars/barrel, it shall serve as a guideline/ baseline......

Happy trading

Adik Duit, congra....
you hv a very good write up on Boilermech and her background owner from QL family.

Boilermech is a smaller free float company (total share issued is 250 millions, 18% free float or near 45 millions). Her initial paid up capital is 25 millions, with todate Accumulated profits closes to 93 millions, resulting in her NTA being near RM0.4000, with an average EPS at 0.13, her current PE is near 25.
Her EPS and Profits growth for the last four years are rather impressive which is above 20% annually on the average. In fact I will rate her as one of my top "BLUE" counters.
The main issue is her current NTA vs its current share price, (RM0.4000 vs RM 3.35),I do observe that her liability is rather high at 109 millions... My question is her "fair price" which shall not be double than her NTA ...... that is only my view.

Trading on this ctr is a bit difficult as her free float is only near 45 millions.For a long term investor, a good fair value is upmost important.

The above is only my views, and it is NOT a buy/sell call, ... trade at your own risk lor......

Happy trading

My Next posting will be :-

"The Economic outlook of EU in next 3 years".............

Happy trading and good night to you all.........., bye bye

duitKWSPkita
Aiyooo, adik,i am surprised that you are my silent reader and strong supporter.. Thanks, but i am not a guru lor..... hihi, we share what i know lah........ hahah, how are you ??

Application on the 4 most important IOCs
I have applied the cost model on the world's 4 most important IOCs: Exxon Mobil, BP, Chevron and Shell. Together they were responsible for 9% of the world's oil production in 2012. I only have used the figures from their annual statement for 2013.
The results can be found in the list below:
Total costs: ExxonBobil 37.88 ,, BP, 43.38,, Chevron 38.37,.. Shell 41.28 ( in $/boe)
Implications for the investor
Total costs per boe for the 4 most important IOCs moved in a similar range with small advantages for Exxon Mobil and Chevron, while BP and Shell had slightly higher production costs. I want to note that I did not include any impairment in my calculation. I also did not take into account the costs related to BP's Deepwater Horizon accident, which are still significant. The aftermath of this incident, combined with the highest production costs among the biggest oil producers, makes BP the least attractive investment in this group.
Additionally, the results suggest a lower boundary for the oil price. It can never fall below production costs in the long term. It is reasonable to assume that other IOCs will also have similar cost per boe. Hence, it is highly unrealistic for oil prices to fall below $50 (if one adds a certain profit margin). Lifting costs and exploration costs are rising, as companies went for the easy-to-reach oil reserves first. This tendency was especially visible in the period between 2011 and 2013, when average lifting costs for the 4 major IOCs rose by 26.7%.


happy trading

Do you know how much it costs to produce one barrel of oil ?????

Oil is the single most traded commodity on our planet. As some derivative of oil can be found in nearly all products of daily life, it is hardly possible to exaggerate the importance of oil for our civilization.

Not all enterprises that are called "oil companies" actually produce oil. The oil and gas industry is commonly divided into three parts: upstream, midstream and downstream. Only the upstream industry (also called E&P - exploration and production) produces oil. Midstream is active in transportation and downstream is involved in refining of crude oil. Most companies are involved in more than one of these sectors.

Companies active in upstream can be roughly divided into two groups: NOCs and IOCs.

IOC is standing for International Oil Company. Here one can find well-known names like Exxon Mobil, Shell or BP . The operations of these companies are not confined to a particular region, so they produce a variety of different blends. All of these companies are traded publicly, so it is easy to get detailed and reliable information about their figures as they have to publish them in their annual report.

NOCs are National Oil Companies. Among this group are giants like Saudi Aramco, Pemex or China National Petroleum Corporation. Some of these companies are totally government-owned (Saudi Aramco, KPC). There also exists some kind of hybrid, a company that had once been state-owned but was then partially privatized. In this case the government still holds a certain amount of shares, normally sufficient for blocking minority. NOCs generally tend to confine their operations to their country of origin. It is much harder to get information about their production and cost data. Hence, I will confine myself in the evaluation of production costs on IOCs.

The oil and gas industry is a very concentrated industry. As a newcomer would need a lot of money and know-how to start its operations, moat is very deep. Hence, the number of companies in this sector remains very stable and most enterprises have decade-long experience.

Oil is hardly ever produced as pure liquid. Normally it comes as a mixture with natural gas and gas condensate. Although I only consider companies here that mainly lift oil, they also produce significant amounts of gas. Hence, it does not make much sense to apply costs to the production of oil alone. To deal with this issue the concept of barrel oil equivalent (BOE) has been perceived. 6000 cubic feet of gas at standard conditions are about one boe. All costs mentioned below refer to one boe, meaning that are the costs related to the production of 1 bbl of oil, 6000 scf of natural gas or a combination of both.

Cost model

Commonly, costs are divided in costs that can directly be related to production (cost of sales) and costs that cannot directly be related to output (overhead). However, many oil companies are also active in downstream and midstream or other economic sectors (e.g. Exxon Mobil in chemical engineering). Hence, I have divided sales, general and administration expenses (SG&A) by total revenues and multiplied it with the revenue of the E&P division to get SG&A for E&P. I did the same for any similar type of cost (marketing expenses, R&D) and for financial expenses. Depreciation of assets, on the other hand, can be directly linked to oil production.

Costs of sales are divided into 3 sub-categories:

Exploration costs
Lifting costs
Non-income related taxes
Lifting costs are the costs associated with the operation of oil and gas wells to bring hydrocarbons to the surface after wells (facilities necessary for the production of oil) have been drilled. This figure includes labor costs, electricity costs and maintenance costs.

Exploration costs are costs related to all attempts to find hydrocarbons. This category includes cost for geological surveys and scientific studies as well as drilling costs.

Non-income related taxes: as production of hydrocarbons is such a lucrative business, governments also want to have their shares. There exists an abundance of different model how the state can profit from hydrocarbon production (profit sharing, royalties, etc.).

It might be, that different companies use different categories for the same type of expenses, but eventually the sum of all costs should be their total cost for producing 1 boe.

connie dear,
adik Duit, and All here,

I am now in a hotel room just being discharged from Hospital, am a bit sleepy due to medication lor...... , i am fine and my dad will be back to KL this weekend.

You may want to go to my i3-thread which was started recently to read about "crude oil futures"...

For those who wants to know some basic EW( Elliott Wave), pls go here:-

http://proelliottwave.com/free-elliott-wave-resources/elliott-wave-principle-basics/

http://www.slideshare.net/shaned30/traders-worldmagazine-elliottwaveunveiledwwwdl4allcom?related=1

I will give you more links later. However, I must make this clear to you all here, I am NOT the Owner of above websites, i am only the Technical adviser for some of them....... no personal financial benefits at all.

I am going for a nap now, wishing you all the best, all huat huat lor.

HAPPY TRADING, ... bye bye

duitKWSPkita , adik Duit, good morning,

You must be the very first to read my above posting....., and I think you hv been waiting for my posting since last week.........., i am sorry for this late delivery.

I really don't mind whether you are superlady or superman, as i respect and appreciate every individual who are God's creation.

I hv a rare opportunity to re-assess/ redefine the meaning of life since I hv 4 days of peaceful/quiet utopia on the hospital's bed.. In fact , I hv almost 24 hrs of lost consciousness last week, nearly saying good bye to this beautiful world.....,..
I will curtail many of my involvements in various companies, websites, training activities, But I will expand and continue my work on Charity activities of all types instead .......
But I still think our lives are too beautiful to be missed, just like the glorious morning sunlight, and We must enjoy life to its fullest.

I will be discharged from hospital today and my dad will be alright to be back to KL by this weekend.

Wishing you happy and be beautiful always lor....... will chat with you later,....... Happy trading and bye........., bye

Continues from last posting above


Brent crude traded from a $14 premium to NYMEX light sweet crude oil at the beginning of 2014 down to a premium of $7.23 as of Friday 8/29, a decrease of almost 50%. Russian and Middle Eastern instability has had no effect on the premium of Brent crude; in fact, the premium has decreased as tensions have risen. During the same period, as illustrated by the narrowing of the backwardation, the oil market has decided that there is no potential for any supply issues or tightness in crude given the current state of supply and demand fundamentals.
There are many reasons for lower crude prices. Active month crude oil never traded above $41.15 per barrel until 2004. Higher prices have brought higher-priced production from areas like The Permian Basin, The Bakken Region and Canadian tar sands. At lower prices, this production will become uneconomic. More production in the US and Canada has resulted in oil independence for the countries, but it has also resulted in increasing supplies and reserves of the commodity.
Global economic growth has been tepid. While the US is showing some signs of growth, European growth has been weak. Growth in the world's largest commodity consumer, China, has been below estimates all year. Lower growth equals lower demand for energies such as crude oil. Over recent weeks, we have seen the price of oil products -- gasoline and heating oil -- move lower with crude. The only fuel price that has remained strong is jet fuel.
What is market structure saying about crude oil today?
The last time crude oil was in a contango, the active month price traded in a range from $77-$90 per barrel. The recent quick and decisive destruction of a backwardation that lasted over two years may well be a sign that crude oil has not yet found a bottom. In markets, the trend is your friend. The trend in crude oil and crude oil spreads could be flashing an important signal -- crude oil is heading lower.
With the bulls washed out of the market and open interest at the lowest levels of the year, perhaps it is time to wait for the shorts to come back. If crude oil drops to a level where new production is not economic, prices should find a bottom. In that case, crude oil might once again be more responsive to traditionally bullish geopolitical events. In the meantime, keep your eyes on the entire crude oil picture -- the price of active month crude oil, product prices and the deferred spreads. If crude oil spreads move into a contango, lower prices are ahead and consumers will be dancing all the way to the bank.

@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

I will post my EW chart for Crude oil shortly as I just can’t hv a good access to my office server’s database , as I will only be discharged from the hospital by tomorrow noon time, …. Thanks God.

Good Night and happy trading …….. bye………….

I am sorry for my late reply as I hv just recovered from a bad Cold/Lung Infection in Singapore.

i am Saying sorry and Thank you to :-

countfind,
newbies2013
Joyous
jm678,
investorvincen
BabyTurtle ,

Pls give me 1-2 more days for my reply... Thank you again.

@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

Analysis on The Crude Oil prices Near terms .....

It has been a rough summer for the crude oil bulls. Way back in June as Middle East violence began to flare and reports of Russian meddling in Ukraine took center stage, the price of oil peaked at over $107. For a while, it looked like the August 2013 high of $112.24 was the next stop, but fortunes quickly changed.

As prices rallied from $100 at the beginning of June open interest, the total number of open positions in oil futures exploded higher. That open interest moved from 1.654 million contracts on June 1 to 1.76 million by the end of the month, an increase of 6.4%. Much of that increase was speculative long positions jumping on what they thought was the next big bullish move in crude oil, but they were wrong. By the end of June, the price of crude oil began moving lower.

A very bearish summer for crude...

As news kept coming fast and furiously from the Middle East and Ukraine, something appeared wrong to the oil bulls.

The price fell throughout July, picking up speed in August. As crude oil moved lower, those buyers threw in the towel and open interest fell to 1.554 million contracts by end of August. From high to low, open interest fell 11.7% in eight weeks to the lowest level since January 2013. The price of crude oil fell 9.1% during the same period. The longs lost money during the summer of 2014, but that is only a small part of the oil story.

Contango versus Backwardation

Commodity traders have a language of their own. The structure of a market is simply the price differentials between delivery months of futures contracts. When a market is tight nearby supplies are limited. A tight market can result in a backwardation. This is a market condition where deferred prices are lower than nearby prices. Other terms for backwardation include, negative carry, tightness or a premium market. Many times backwardation in a commodity market means that there are not enough current supplies or a fear that current supplies may not be able to satisfy current demand.

A normal market is the converse. Commodity traders refer to this condition as contango. While this may bring about thoughts of some new dance contango is a market condition where deferred prices are higher than nearby prices. Other terms for contango include positive carry, normal or a discount market. Market structure, contango or backwardation in commodity markets is often one of the most important clues when it comes to underlying supply and demand fundamentals.

In many circumstances, a market moving from contango to backwardation or vice versa is more important than price moves in the active month contracts themselves. During those eight weeks when the crude oil price dropped, that price correction was only a part of the story, actually a very small indicator of the overall health of the fundamental picture for crude.

The price fell, the spreads tanked...

A 9.1% drop in eight weeks is a big price move for a commodity, but during the same time, and with very little media coverage, the market structure for crude underwent dramatic change. Since August 2012, the crude oil market was in backwardation. Nearby prices were higher than deferred prices. The highest price for crude was the active month contract price and all future delivery months out to ten years became progressively lower.

The backwardation increased through 2012 and 2013, peaking in June 2014. As the chart illustrates, the backwardation became so wide that in June 2014 the differential between the futures contracts for crude oil for delivery in October 2014 and crude oil for delivery in December 2017 moved to $17.75 per barrel. That amounts to almost a 17% premium for nearby crude on the futures exchange over crude oil for delivery in late 2017.

As the active month price of crude oil dropped, that differential spread plunged an eye-popping 76%. From high to low, the differential moved from $17.75 to just over $4 in only eight weeks. There was a recovery in the spread during the last few days of the month. It closed at $8.09 on Friday, August 29, down almost 55% from the beginning of July. The crude oil market, given the current trend, appears to be steamrolling on a course from big backwardation to contango. This is a significant change in the structure of the market.

There are fundamental issues at play...

When news that traditionally has been bullish does not affect price, one must take notice. Geopolitical turbulence has not caused the price of oil to rally. Throughout 2014, Russia and the Middle East have been hardly stable. Brent is the benchmark price for crude oil from these regions.

Thanks, my adik Duit,

see you soon........ wishing you happy always too, bye....,

connie,
adik Duit,
All in here,..

I am now Down with a severe Flu/ Cold resulting in a serious Lung infection... too bad and feel sorry not able to reply all your questions /concerns.. My dad is recovering well, ... I am also lying in the hospital now.... what a big joke of the town,!!! ... and my closed friends here have stopped me from using my laptops... they said my access are prohibited,... I need rest , rest...... relax....... oooh, i miss you all lor.......

Wishing you all the best, bye,.... bye

will chat with you later..... bye

happy trading

connie, pls help me to verify whether i shall use adik Duit or abang duit ........, I am serious lah...

Are you serious ?? so i must change to adik Duit ???? pls pls ....

Posted by duitKWSPkita > Aug 29, 2014 12:29 PM | Report Abuse

Hi abang Yong,

yup. I m lady...
u know rite? I everyday also sightseeing only. No money to buy saham. I come CC here do kacau only... And everyday learn new things from u guys. So I can compare with my prediction.

Wao ... Excited to read ur crude oil futures later. I got no oil n gas counters but still pay attention to it.

happy trading!

duitKWSPkita , abang,..... hihi