the meaning of correction is to rectify,and not to rejoice during the period of consolidation. Oil is no more a happy happy story like other speculation. In this case it was a long overdue price not being in sync with reality. after a correction it is not necessary prices will fly high. In fact most funds are very cautious where O&G is concerned. The situation with oil is no more deceptive or speculative, but more so pegged to the reality of demand and supply.
I don't know much about fundamental, and much more diff ppls will tell difference story about his point of view. I am not there to said who right or who wrong , I am typical forex and com trader and recently walk in to KLSE.... I am trust on chart reading. if I am wrong. I will out. remember I am not here to speculate and this reading was send out yesterday while the oil trend is still down.... I am anticipated oil will continue up for next 2-4 weeks long. again ..if I am wrong I will cut loss and if right I will collect profit...
Sorry for a newbie question: TA WORKS ON COMMODITIES?! I think commodities prices more susceptible to actual world physical supply and demand. better read makor oil cartel movements instead of charts. just my 2 cents
TA works all forex, stocks and commodities. Reading the news you will never ever catch the moves until the tail end. Economic news are usually used to bamboozle investors.
If someone with big muscle want to force out other players, simply few months low oil price wont do the jobs. Its foresee will last for year if not years.
another newbie question again. if everything can be "predicted" with TA, and just at the moment you expect it to go up, wont those big players with big muscles do the reverse and "create" a situation which is "least expected"? any sifu here can teach me more of this?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jonatlau79
419 posts
Posted by jonatlau79 > 2015-04-01 15:00 | Report Abuse
Pasang Turbo ARMADA / SKPETRO / YINSON