no matter how good the FA is the upside just a temporally cause most of players will taking profit and wont hold for so long if OPEC bring a bad news ..
if OPEC bring bad news, if OPEC bring positive news? Anyway, measures should have been discuss in the meeting to prevent it from going much lower.... we are all already tired in this downtrending movement in this sector, hahaha
dear traders, what is more important is whether the oil price moves up or not after OPEC cut. Just cutting production is not good enough ...
If OPEC cut 1m barrel/day, this can easily fill up by other non-OPEC countries like Malaysia, Indonesia, USA, Russia and even Canada ... Once you give up your market share, you will never get it back so easily.
Just a simple technical analysis, short term bound range is 0.575 - 0.63. If breaks below, 0.50 awaits you. Likewise, if breaks above 0.630, target 0.70.
2 hours ago KUALA LUMPUR: KNM Group Bhd saw its net profit jump almost 160% to RM16.44mil in the third quarter ended Sept 30, 2014 from RM6.32mil due to better margin contribution and lower operating cost......@Ring good profit share price push down by sharks....??????
Sentiment,sentiment,sentiment. Opec meeting is making everybody very nervous. Hopefully price action today already factored in worst outcome of the meeting
TA is just a tool for you to decide how much position you wanna hold/ buy at certain price, nothing more. When you are not certain the price trend, just sit still, do nothing. Further, why hold position and bet for tomorrow's news, is just a typical gambler behaviour.
If no production cut further volatility in oil price will continue. But no cut also means drilling and pumping will go on as usual. It should ma chau pow,U chau thiau for equipment manufacturers and storage facility providers or those in the oil supporting industry such as KNM. Ai, sentiment ?
Saudi will be very stupid to cut production. Firstly they will lose market share to non OPEC members and secondly pushing up oil price only will benefit ISIS who is at their border now. A dollar more for the terrorists is another bullet to their foot. ... If anyone of you think OPEC will cut please think twice
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....
godbless88
1,316 posts
Posted by godbless88 > 2014-11-26 16:11 | Report Abuse
Won't go up much for now, most of the the small caps under selling pressure.