Posted by soros228 > 2016-01-25 10:56 | Report Abuse

Bottom already.

Posted by Desa20201956 > 2016-01-25 10:58 | Report Abuse

of course it is oversold.

Posted by somchik > 2016-01-25 14:50 | Report Abuse

heavy volume may indicates short covering reaping profits,closing off positions at lost for long positions ,expiry date, roll over , fresh reverse postions to net long position pushing seller to retreat with increasing price kikiki

Posted by Desa20201956 > 2016-01-25 14:53 | Report Abuse

If this is not reversal pattern, what is?

Posted by PlsGiveBonus > 2016-01-25 14:56 | Report Abuse

Gray beg to differ crude haven't hit bottom at 20 per barrel yet, the lowest was 10

Posted by somchik > 2016-01-25 15:00 | Report Abuse

those oil producing countries could be taking up large future buying positions heavily,speculators who short will get caught at expiry date to close position causing the price to go up. those with money not having oil taking up short position would be in the hot soup at expiry time ...

Posted by Desa20201956 > 2016-01-25 15:05 | Report Abuse

Charts cannot tell you the far future....but this is a classical price volume reversal pattern.


ed by PlsGiveBonus > Jan 25, 2016 02:56 PM | Report Abuse

Gray beg to differ crude haven't hit bottom at 20 per barrel yet, the lowest was 10

Posted by Desa20201956 > 2016-01-25 15:08 | Report Abuse

Whether chartist, fundamentalists or behaviorist.......the only valid conclusion is up.


There is no where to go but up.

Posted by gray > 2016-01-25 15:44 |

Post removed.Why?

Posted by gray > 2016-01-25 15:50 | Report Abuse

Now i know wat ppl said. Know little bit. Act expert.
Sek siu siu. Pun doupiu.

Desa is exactly such a person.

Posted by PlsGiveBonus > 2016-01-25 16:05 | Report Abuse

So now is your chance to short crude oil now
It seem to be following your prophecy

Posted by oregami > 2016-01-25 16:10 | Report Abuse

Today market closed. Many ppl saved by the bell:)

Posted by PlsGiveBonus > 2016-01-25 16:10 | Report Abuse

Gray very smart Djia up he win
Djia drop he win
Crude oil up he win
Crude oil drop he win

Posted by oregami > 2016-01-25 16:11 | Report Abuse

Otherwise many will get slaughtered in oil counters.

Posted by Desa20201956 > 2016-01-25 16:13 | Report Abuse

Gray....like you jump here jump there there is no way you can make money.
You have no opinion and just control by emotions and noise.

Be a bit steady la.
We will see over the next few days.

Posted by gray > 2016-01-25 16:16 | Report Abuse

I have seen chicken trying to teach duck swimming.. nevermind. As long as u feel happy pretending as sifu. I wil just ignore u.

Posted by PlsGiveBonus > 2016-01-25 16:17 | Report Abuse

Gray didn't did any wrong
We should worship him
His prophecy save thousands of life
But it didn't save us only

Posted by Desa20201956 > 2016-01-25 16:23 | Report Abuse

I have no respect for headless chickens........

Jump here jump there all at random and all control by reflex.

Pre mammalian brains is what biologists will say.

Posted by gray > 2016-01-25 16:26 | Report Abuse

Seems like plsgivebonus has potential.
While desa is a joke

Posted by tengkuleesal > 2016-01-25 16:27 | Report Abuse

Iseyymann...don't quarrel lorrr...now we may have another problem to cope with...massive scandle about to erupt at tabung haji?!!

Posted by gray > 2016-01-25 16:28 | Report Abuse

If today bursa open . Morning everyone chase oil stock. Now busy cutting losses.

Posted by oregami > 2016-01-25 16:31 | Report Abuse

Including me. Lol....

Posted by Optimusemptycan > 2016-01-25 16:31 |

Post removed.Why?

Posted by Annetan > 2016-01-25 16:37 | Report Abuse

Tengkuleesai,can you pls elaborate what massive scandal at Tabung Haji that you are referring?Don't lah keep us all in suspense!

Posted by gray > 2016-01-25 16:39 | Report Abuse

Keep this joke
Can laughtilldie.


983 posts

 Posted by Desa20201956 > Jan 25, 2016 03:08 PM | Report Abuse 

Whether chartist, fundamentalists or behaviorist.......the only valid conclusion is up. 


There is no where to go but u

Posted by tengkuleesal > 2016-01-25 16:40 | Report Abuse

Annetan, you may find it in Malaysia chronical..

Posted by Desa20201956 > 2016-01-25 16:56 | Report Abuse

gray.....whether the reversal holds is whether the bottom (28) is breached again, not whether the day ends in green or red.

Posted by Annetan > 2016-01-25 16:59 | Report Abuse

Thanks,nothing concrete.

Posted by Desa20201956 > 2016-01-25 17:03 | Report Abuse

nothing concrete., winners play with probabilities losers play with emotions.

Posted by Desa20201956 > 2016-01-25 17:04 | Report Abuse

the quantum theory is not just for physics, it is every where.

Posted by Wow123 > 2016-01-25 17:06 | Report Abuse

MORE TO SELL & DOWNSIDE TOO , DON;T FORGET IRAN

Posted by Desa20201956 > 2016-01-25 17:08 | Report Abuse

so scared, go play with Fixed Deposits la.............futures markets not for you.

Posted by gray > 2016-01-25 17:10 | Report Abuse

Desa. I beg u dont talk to me. It keep making me vomit.

Posted by gray > 2016-01-25 17:12 | Report Abuse

Please la. I beg u la. Last nite dinner all vomited out. Tiu.

Posted by Desa20201956 > 2016-01-25 17:14 | Report Abuse

gray...go ahead and vomit out.
don't resist.

Posted by Specialist > 2016-01-25 17:17 | Report Abuse

Gray go lick OTB's arse,he may teach you something.I see your comments now wanna vomit.Diu nia seng!

Posted by Specialist > 2016-01-25 17:29 |

Post removed.Why?

Posted by Annetan > 2016-01-25 17:39 | Report Abuse

Ai yoh you guys better stop attacking each other not good for your karma,lol!Gray and Desa must have made many enemies.If that's the case examine how you speak.I being a strong Buddhist believe in karma.Don't do what you don;t like people to do onto to you.You will get it one day.Not too late to change for the better,lol!

Posted by Optimusemptycan > 2016-01-25 19:35 | Report Abuse

If mime can laugh

Posted by gray > Jan 25, 2016 12:56 PM | Report Abuse

If shorty start shorting big at these 32 level. U can see 22-25 soon.
I donno if they r doing it. Need to watch few dwys.

Posted by sharktank > 2016-01-25 19:54 | Report Abuse

Lets see then : ) .

Posted by hatnag > 2016-01-25 20:37 | Report Abuse

Ha ha what's the matter?

Posted by wisdomtot > 2016-01-25 20:51 | Report Abuse

There is still another wave down for Crude Oil... that's according to Elliot Wave International... which I concur.. enjoy wave 4 while it lasts...

Posted by KAQ4468 > 2016-01-25 21:13 | Report Abuse

Crude oil oversold ??

Mau Tanya 1 simple question boleh ka ??

Iran oil production sudah start ka ??

Are this USD 30/b including oil supply from Iran ??

Posted by Mohd Fahmi Bin Jaes > 2016-01-25 21:16 | Report Abuse

avoide

Posted by tony89 > 2016-01-26 01:59 | Report Abuse

some constructive discussion pls

Posted by somchik > 2016-01-27 01:18 | Report Abuse

Skpetro 23 call warrant ... 100k .. Cost only 5k now, Expiry in nov 2016 . You got 10 months to play . By september 2016 oil should reverse to 40 at least . Strike price 2.38 . If you think skpetro will be 2.00 by october or any time prior to that , 521823 will definitely gv a decent return. The worst that could happen you lose 5k . But the return could be 150% pr more . Risk all yours.

Posted by somchik > 2016-01-27 01:24 | Report Abuse

With the oil volatility you can lock profit early when oil up and reenter when down

Posted by somchik > 2016-01-27 01:25 | Report Abuse

Do not enter near expiry date unless got trending bull for 5218

Posted by The One > 2016-01-27 01:40 | Report Abuse

Be xtra careful.. study the real facts. The increase in oil prices currently are merely based on hopes.. supply to decrease on crude output cut?

Posted by jack2 > 2016-01-27 08:16 | Report Abuse

Commodities



Oil surges on hopes for output cuts to trim glut



By Reuters / Reuters | January 27, 2016 : 7:20 AM MYT



NEW YORK (Jan 27): Oil prices surged on Tuesday, settling more than 4 percent higher as investors found reasons to hope for output cuts that could eventually reduce one of the biggest global supply gluts in decades.

Crude jumped after OPEC renewed calls for rival producers to cut supply alongside its members. More buying emerged after U.S.-based global oil producer Hess Corp said it planned to cut capital spending by 40 percent this year.

After settlement, other U.S. producers announced spending cuts.

Brent crude settled up $1.30, or 4.26 percent, at $31.80 a barrel, rebounding from a decline at the start of the session to top out at $32.72.

U.S. crude rose 3.7 percent, or $1.11, to settle at $31.45 a barrel. During the session it rose as high as $32.41.

The contract briefly turned negative in post-settlement trade after data from the American Petroleum Institute, an industry group, showed a larger-than-expected inventory build in U.S. crude stocks in the week to Jan. 22.

Still, Crude stocks at the Cushing, Oklahoma, delivery hub fell by 664,000 barrels, API said.

Some analysts had expected a fall in the inventory at the delivery hub as Canadian oil sands producers start to cut output.

U.S. government data on U.S. crude oil stocks is due on Wednesday.

Saudi Arabia, kingpin of the Organization of the Petroleum Exporting Countries, and top non-OPEC producer Russia are showing signs of flexibility about agreeing to tackle the global oil glut, the oil minister of Iraq said.

Worries about the Chinese economy limited crude's gains. The country is the world's second largest oil consumer.

Last Wednesday Brent hit its lowest price since November 2003 at $27.10, before rebounding 15 percent on Thursday and Friday.

Tim Evans, energy futures specialist at Citi Futures wrote in a note that "it remains uncertain whether Saudi Arabia and its allies within OPEC are ready to return to the bargaining table" to negotiate cuts in crude output.

"Without Saudi Arabia on board, there's simply no deal and the market will be left to rebalance naturally as non-OPEC output declines, a slow and still painful process"

Even with oil's near 20-percent drop to 12-year lows, major OPEC producers have not reduced production. Some, like Iraq, plan to boost supply.

OPEC's Gulf members have insisted OPEC will not cut production alone, which would cede market share to rivals.

David Hufton of oil brokers PVM reckons an agreement could put oil back in a range of $40 to $60 per barrel.

Following the Hess announcement of spending cuts, traders said they expected similar steps from other U.S. producers.

"I think you're going to see more capital spending cuts - it usually happens when prices start to bottom out," said Phil Flynn, analyst at the Price Futures Group brokerage in Chicago.

"It's significant that the market is now reacting positively to positive news, which means some of the fear is now starting to subside."

After crude settled, North Dakota's No. 2 crude producer Continental Resources Inc said it would slash its 2016 capital budget by 66 percent. Noble Energy Inc also said it will cut spending about 50 percent this year.

Traders also watched the dollar as U.S. Federal Reserve policy makers opened a two day meeting on Tuesday.

The strength of the dollar has made oil more expensive for buyers in other currencies.

If the Fed acknowledges that global markets are weak, it could reassure oil traders "that they can find a bottom" Flynn said.

"The pieces are in place for at least a temporary bottom in oil"