tomorrow is last day for trading on this week.. base on today close.. its good time to break 1.21.. (1.17+80/20/100 = 1.21..) let see on tomorrow.. if break 1.21.. we will see back 1.27..
tut tut base support is 1.13 (1.17-80/20/100 = 1.13)
Tomorrow, dayang and its subsidiary, perdana will rebound stronger. Transfer of wealth from the fearful to the brave ones :)
Oil jumps more than 30% on hope economy will reopen sooner than expected PUBLISHED WED, APR 29 202012:14 AM EDTUPDATED MOMENTS AGO Eustance Huang
Oil prices jumped more than 30% on Wednesday following a report that showed a smaller-than-expected build in U.S. inventories, as well as on the hope that economies will reopen sooner than expected.
West Texas Intermediate for June delivery surged 32.6%, or $4.03, to trade at $16.39 per barrel, while international benchmark Brent crude traded 15.6% higher at $23.65.
Optimism that economies will be able to re-open ahead of schedule rose after Gilead said early results of its coronavirus drug trial showed that at least 50% of patients treated with a five-day dosage of antiviral drug remdesivir improved and more than half were discharged from the hospital within two weeks.
Stocks rose following the news, despite a 4.8% contraction for U.S. GDP in the first quarter — the largest contraction since the financial crisis.
Oil prices also got a boost on a smaller-than-expected build in U.S. inventories. According to data from the U.S. Energy Information Administration, crude stockpiles rose by 9 million barrels for the week ending April 24. This was lower than the 11.7 million barrel build analysts polled by FactSet had been expecting.
"Oil prices rose on Wednesday morning as traders cling to potentially positive indications that the demand-supply gap may somewhat become smaller soon," Rystad Energy's global head of oil markets Bjornar Tonhaugen told CNBC.
"Overall we need official announcements for cuts or economies reopening for prices to stabilize. Expect a lot of volatility and price swings either way in coming days as bullish and bearish traders weigh their hopes and fears in a market that is desperate to find something to hang on," he added.
Oil prices swayed wildly on Tuesday between gains and losses as investors continue to keep an eye on depleting crude storage space amid a dearth in demand. The coronavirus pandemic, which has forced countries around the world to shut their economies temporarily as people are told to stay home, has reduced global demand for crude by as much as a third, according to some estimates.
WTI for June delivery fell 44 cents, or 3.4%, to settle at $12.34 per barrel on Tuesday. International benchmark Brent crude, on the other hand, gained 47 cents, or 2.35%, to settle at $20.46.
In a note dated April 28, Moody's Investors Service said it was reducing its near-term oil price assumptions for WTI as well as Brent.
"Exceptionally weak short-term prices will persist until production drops enough to ease the strain on storage facilities already operating at or close to full capacity," said Elena Nadtotchi, vice president and senior credit officer at Moody's. "Significant supply adjustments in due course should help to balance the market later in 2020, but the pace of the market's rebalancing and rising oil prices will depend on demand recovery."
Moody's price prediction for WTI is currently $30 per barrel this year, and $40 next year. For Brent, it sees prices averaging $35 per barrel in 2020 and $45 in 2021.
Data from the American Petroleum Institute released Tuesday night showed that U.S. crude inventories jumped by 10 million barrels in the week to April 24, bringing the total to 510 million barrels. That was lower than analysts' expectations of a build of 10.6 million barrels, according to estimates from Reuters.
(April 30): Asian stocks were primed for gains on the final day of the month after U.S. equities advanced with Treasury yields on optimism from earnings and signs of progress in treating the coronavirus. The dollar fell.
Futures on equities rose in Tokyo and Sydney, with Hong Kong shut for a holiday. The S&P 500 Index earlier gained more than 2.5% to touch a seven-week high. Gilead Sciences Inc. said its experimental drug helped Covid-19 patients recover faster. The Nasdaq Composite Index rose to within 1% of erasing losses for the year, led by Alphabet Inc. after it reported an ad-sales slowdown that wasn’t as bad as expected. Oil futures rebounded after plunging more than 25% in two sessions.
Investors also contended with a fresh warning from the Federal Reserve that the ongoing public health crisis “poses considerable risks to the economic outlook over the medium term.” Data showed the biggest contraction since 2008 in the first quarter as the world’s largest economy shrank at a 4.8% annualized pace. Global stocks are up 11% this month as investors weigh plans by countries around the world to restart activity.
“What’s really driving markets at this stage is any positive news of potential treatments and vaccines, because ultimately that is a game changer,” said Seema Shah, a global investment strategist for Principal Global Investors. “That’s what’s going to be pushing markets, plus anything with regards to the lockdown being lifted earlier.”
These are the main moves in markets: Stocks
The S&P 500 Index increased 2.7% on Wednesday. Futures on Japan’s Nikkei 225 added 2.1%. Futures on Australia’s S&P/ASX 200 Index gained 2%.
Currencies
The Bloomberg Dollar Spot Index fell 0.6%. The yen was at 106.62 per dollar. The offshore yuan traded at 7.0740 per dollar. The euro bought $1.0876.
Bonds
The yield on 10-year Treasuries rose more than one basis point to 0.63%.
Commodities
West Texas Intermediate crude climbed 24% to $15.35 a barrel. Gold rose 0.1% to $1,714.91 an ounce.
yes..morning too all rebellions.. we now sail back to green sea.. hope we can see back 1.30 greenbay on coming weeks..strom is over.. who with paktua??
now worry 13newbie tomorrow is p.holiday.. is common if on afternoon got correction.. some maybe will take profit..or cutwin.. paktua will happy if dayang can sustained above 1.15 for coming weeks.. most gladly if can sustain above 1.21..
opps sorry paktua think you hold above 1.11 right i3newbie..?? paktua say back Square level is back to paktua target 1 21 now as paktua predicted last night..
tut tut let stand together..we fight as one..earn as together..
as paktua say.. now actually for us red stock legion.. still need at least 7day..above 1.15..
for now yes..bull rally.. if above 1.27 today n monday next week.. thats strong bull.. now who use old TA indicator.. now is bulltrend..its time for them.. their will adds now..see vol more than 10m.. its will reach 20m today..
so yes for old indicator now is bulltrend.. for paktua need 7day above 1.15 or break 1.27.. than we call bulltrend.. for now let enjoy bull rally...
good karen.... sad for 13newbie..anyway..good luck to you..i3newbie.. will see you soon..respect our result what was taken.. even its painful.. happy holidays..
@paktua73 yes sir, happy holiday. every trade is an informed mature decision made action ma .. no pain no gain get pain get loss some gain other pain it is complicated
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....
i3 newbie
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Posted by i3 newbie > 2020-04-29 20:27 | Report Abuse
tomorrow wassup ... pun intended hehe ...