there will be a BIG SPIKE at Crude Oil Price within this few days..Insya- Allah...USD 48-50 for NYMEX as DXY INDEX will soften..which DXY will drop further to 93-94..which normally will give a huge gap up for Crude..just my honest evaluation..
Brent crude oil yesterday trade breakout above USD50, but profit set in to limit and fall back below USD 50.....but, it just a matter of time, soon or later only
Crude oil break the 43.45 then confirm the end of Wave 4. Wave 5 is at 22.00. What I see is a triangle developed on current movement. Can u see a triangle ?
@Joeylee, Yes, I saw the triangle(broken). The 4th already passed the 38.2% Fibonacci and bottomed at 50%, depend on when was the start and end date of 1st wave and elliott wave amplitude. It is on going uptrend unless ... Goldman Sachs is heavily shorting the oil market which they are doing now.
Volume and price must work together. If you depend on price itself, it is risky.
Private payrolls too were exceptionally weak, at only 118K, and at strong odds to the ADP survey which came in at +200k. The public hiring is good news given the private backdrop, and mainly in local government and education. We wonder if it might slow down in a month or so, now that the new school year is fully underway. If so, and if we don’t see the private figures firming, we may need to scale back our expectations for payrolls in coming months.”
“The other disappointment in the data was from hourly wages growth, which only needed to show a 0.2%mom increase to take its annualized growth rate into new territory. But instead, is was unchanged, and the annual rate remains stuck at 2.2%YoY. Not enough to get the Fed doves vote for a hike, at least not yet.”
“The only vague solace in these figures came from the unemployment rate, which remained 5.1% as the labour force dropped a worrying 350K, and the total level of employment fell 236K, whilst unemployment also fell 114K. In the end, this was only 0.002ppt too high to prevent a further drop to 5.0%, which it may do next month. Even hours worked declined.”
“For once, these labour market numbers gave an unambiguous result. The problem is that it was unambiguously negative. No rate hike this month then it seems. But it raises doubts too about the probability of a December hike, unless the Fed changes the basis upon which it decided policy rates.”
Bad news is actually a good news. Do some reading on the news as I had messaged earlier.
1. Don't simply jump into any conclusion. 2. One day event, does not tell the whole story for the rest of the month. 3. Every event are subject to change. Human sentiments. 4. Always look for a bigger picture instead narrowing down. 5. If can not take the heat, cool down first before making any decision. 6. Be humble.
The above point of views are for me to remind my idiotic ego brain.
Aluminium price is different from crude oil. Crude oil price can be lowered down again by opec. All the kings of saudi is super rich. They do not care whether the price is very low or not. Thus the price still can go further low. These kings are super ego never bow down to us shale oil.
Aluminium price when reach to 1550. All the aluminium plants in the world cease operation. When the price is at 1550, they stop selling the aluminium because sell it at 1550 they will lose. So they keep it. So price can only go up...
I opt to focus and concentration on Armanda and skept for oil and gas exposure, stock pick now down from previous 4 stocks (alam, armanda, knm, sket) to 2 stocks (armanda and skept) now.
It solely based on own portfolio adjustment. No misleading here.
Crude oil supply is reduced down due to syria assault. Crude oil is in wave 2 end last week friday. Happy ending. Once again our government will have more money. Klse will rise again. This russia uses the terrorist idea to assault syria. Main reason they also having problem to their economy due low crude oil price. Why syria? Attack saudi la.. saudi is big brother..
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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....
crawler
4,829 posts
Posted by crawler > 2015-09-29 16:57 | Report Abuse
buy lower tomorrow