Posted by saifol > 2015-10-09 13:10 | Report Abuse

pm session will be more interesting....

Posted by aiman2010 > 2015-10-09 13:11 | Report Abuse

if not break 0.58 cant go up 0.60..bursa is 1709 (+17 mata) ...0.60+ at evening market is 99% will happen...

Posted by Johnny Mah > 2015-10-09 13:38 | Report Abuse

still can up??

Posted by skylifttoptoptop > 2015-10-09 13:45 | Report Abuse

canot up de, next week you will get 581m contract on 50cents counter again..

Posted by skylifttoptoptop > 2015-10-09 13:46 | Report Abuse

you read my statement also feel funny, right ?

happy lunch ... :P

Posted by nomanland > 2015-10-09 14:36 | Report Abuse

price above the moving average 21, 50, and 144. MA of 200 almost there within reach, 0.585
if you understand moving average, you know what to do.

Posted by tamarindo > 2015-10-09 14:43 | Report Abuse

People are also eyeing and hunting for XOX

Posted by Parttimetrader > 2015-10-09 14:48 | Report Abuse

i dont understand moving average..TT_Tt

Posted by nomanland > 2015-10-09 14:54 | Report Abuse

@Parttimetrader
http://www.investopedia.com/university/technical/techanalysis9.asp

To trade or invest in the share market, moving average is the minimum requirement of understanding from a chart before you invest to the share market and making a decision of buying or selling.

Hope it helps.

Posted by nomanland > 2015-10-09 14:56 | Report Abuse

KNM needs to break the MA of 200 or 0.585

Posted by ASB79 > 2015-10-09 15:06 | Report Abuse

Getting there....0.58 now!

Posted by saifol > 2015-10-09 15:24 | Report Abuse

hope this weekend oil continue uptrend-- above $50 ++

Posted by afata08 > 2015-10-09 15:24 | Report Abuse

if not break..what will happened?

Posted by jasonor > 2015-10-09 15:42 | Report Abuse

consolidate then attempt break again.

Posted by mh87 > 2015-10-09 15:46 | Report Abuse

Oil price still strong today.. Looks like in short term no bad sentiment that related to oil price so far.. Correct me if i am wrong..

Posted by ASB79 > 2015-10-09 15:49 | Report Abuse

Yes positive trends on oil price, currently $50.24+/-

Posted by market > 2015-10-09 16:58 | Report Abuse

new correction is coming, run bros

Posted by kk123 > 2015-10-09 17:00 | Report Abuse

Yes better run before t+3

Posted by speakup > 2015-10-09 17:03 | Report Abuse

General Lee kasi duit....AMBIK!

Posted by firdaus7lapan > 2015-10-09 17:26 | Report Abuse

Let see tonight Crude Oil condition, if exceed USD 51, then next week will touch RM 0.6. Look at Crude Oil movement today, lesser deviation. Hence, the possibility is higher... :).

Posted by aiman2010 > 2015-10-09 18:05 | Report Abuse

the posibility is higher because syria ...

Posted by pang72 > 2015-10-09 18:11 | Report Abuse

Enjoy oil and gas...I had switch to Skppetro..

Posted by Steven Lau > 2015-10-09 18:52 | Report Abuse

pang72~
skpetro better than knm?

Posted by kayz > 2015-10-09 19:13 | Report Abuse

Skpetro more expnsive thn knm...

Posted by Lucas Chan > 2015-10-09 19:51 | Report Abuse

Hi all, I may predict wrongly, but I feel that knm may show red in coming next monday!! Please take note and take care!!

Posted by RainT > 2015-10-09 20:10 | Report Abuse

Red

Posted by afata08 > 2015-10-09 20:29 | Report Abuse

Lucas..who r u?

Posted by Lucas Chan > 2015-10-09 20:42 | Report Abuse

hi afata08, i am lucas chan lor!! anything i can help you?

Posted by afata08 > 2015-10-09 20:56 | Report Abuse

Work as fortune teller?

Posted by Lucas Chan > 2015-10-09 21:07 | Report Abuse

hahaha~ i am not work as fortune teller, but i like to share my view to you guys sometimes!! i just hope it may can help in sometimes, but anyway it is just my view, u can ingnore it! hope you guys understand arr, hehe~

Posted by kayz > 2015-10-10 13:29 | Report Abuse

I feel that knm will up mire nex monday... Just share my view..

Posted by nasaie24 > 2015-10-10 16:16 | Report Abuse

Flash crash. 40sen in just 2-3 weeks

Posted by steve_usa > 2015-10-10 17:14 | Report Abuse

Lucas Chan and Nasaie24 are nonsense but then shares value is always up or down in any given days. Try to be professional in your action and give facts to support your views.

Posted by steve_usa > 2015-10-10 17:16 | Report Abuse

Don't just for the sake of opening your mouth with facts given...if not, please keep your mouth shout at all time.

Posted by steve_usa > 2015-10-10 17:27 | Report Abuse

without any substantial facts given in your statement...so immature....please grow up guys

Posted by Mohd Fahmi Bin Jaes > 2015-10-10 17:40 | Report Abuse

Brent oil down

Posted by sarahdeaton > 2015-10-10 18:02 | Report Abuse

weak holder pls sell. thank u very much.

Posted by steve_usa > 2015-10-10 20:56 | Report Abuse

Aiyo..U.S. crude (CLc1) closed up 20 cents at $49.63, the highest settle since late July, while Brent crude (LCOc1) ended 40 cents down at $52.65 on Friday....isn't it we are more emphasis on WTI US crude price...

Posted by nomanland > 2015-10-10 22:03 | Report Abuse

Oil Prices Today Could See Biggest Weekly Rise Since 2009

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 • October 9, 2015

Oil prices today (Friday) moved higher following yesterday's FOMC minutes release and the ongoing Syrian conflict. Today's rise puts oil prices on track for the biggest weekly gain in more than six years.
oil prices 10/09/15WTI Crude Oil Prices Today

At 9:40 a.m., WTI crude oil prices were up 1.2% to $50.04 a barrel, it's highest level in two months. The U.S. benchmark has soared 9.9% this week and could see its largest weekly rise since 2009.

West Texas Intermediate (WTI) is the oil price benchmark for the New York Mercantile Exchange. WTI is considered "sweet" crude because it contains 0.24% sulfur.
Brent Crude Oil Prices Today

Brent crude oil prices today gained less than their U.S. counterpart. They were up 0.02% and trading at $53.39 a barrel. The international benchmark is up 9.4% this week and 8.8% this month.

Brent crude is the international price benchmark. It's considered "light" crude because of its low density and sulfur content.

Here's why oil prices are surging to a six-year high…
Two Reasons Why Oil Prices Today Are Climbing

The boost in oil prices today came after the U.S. Federal Reserve released minutes from last month's meeting. The FOMC meeting minutes showed that the majority of policymakers agreed to keep interest rates near zero. Chairwoman Janet Yellen cited a global economic slowdown, low U.S. inflation, and market volatility as reasons for not hiking rates.

"With a slowdown in both the U.S. and the global scene, the U.S. Federal Reserve seems to be growing more dovish," said Daniel Ang, analyst at Phillip Futures, to The Wall Street Journal. "Oil prices gain support as a result of a weaker U.S. dollar strength as this makes USD-denoted oil cheaper."

Russia's involvement in the Syrian civil war has also supported oil prices. On Wednesday, Russia launched military airstrikes against rebels trying to oust Syrian President Assad. The conflict interrupts oil transports in the region, which increases global demand.

But Russia is involved in another conflict that has big implications for the future of oil prices…

http://moneymorning.com/tag/oil-prices/

Posted by nomanland > 2015-10-10 22:04 | Report Abuse

This Week In Energy: Can This Current Rally Last?
By Evan Kelly Posted on Fri, 09 October 2015 19:48 | 0

After weeks of floundering in the mid-$40s per barrel, a new rally for crude oil got underway this week. WTI jumped to $50 per barrel and Brent is now over $53 per barrel. There are several reasons behind the rally, some of which we have touched on before. U.S. oil production is declining, despite confusing weekly data from the EIA that sometimes suggests otherwise. The rig count fell sharply last week, which underpinned the notion that the sector is contracting.

This week, a few more bullish developments surfaced. One was a sudden weakness in the U.S. dollar. After minutes were released from the latest Fed meeting, global financial markets saw hesitation on the behalf of the central bank to raise interest rates. The possibility that the Fed might hold off pushed down the dollar, which tends to push up the price of crude.

Related: Does This Offhand Gov't Comment Signal A Big Oil Opportunity?

Another reason oil prices are rising is the escalating conflict in the Middle East. Russia’s airstrikes in Syria are raising concerns about a worsening conflict. It is hard to imagine that the war in Syria, now more than four years old, could possibly get worse. However, Russia’s intervention adds even more complexity and potential for deterioration. The U.S. military is dramatically scaling back its assistance to Syrian rebels after the multiyear effort has proved to be an utter failure. The move is also being made with an acknowledgment about the seriousness of Russia’s intervention. Privately, the Obama administration believes that Russia will get itself bogged down in a conflict that has no viable solution at this point. In any event, it has been a while since geopolitical conflict has slapped a risk premium on the price of crude oil, but Russia’s actions appear to be doing just that.
...
http://oilprice.com/Energy/Energy-General/This-Week-In-Energy-Can-This-Current-Rally-Last.html

Posted by nomanland > 2015-10-10 22:05 | Report Abuse

WASHINGTON (AP) — Defying a White House veto threat, the Republican-controlled House on Friday approved a bill to lift a 40-year-old U.S. ban on crude oil exports.

The House approved the bill on a 261-159 vote. Supporters said an ongoing boom in oil and gas drilling has made the 1970s-era restrictions obsolete. Lifting the export ban would lower prices at the pump, create jobs and boost the economy, said House Speaker John Boehner.

"In my view, America's energy boom has the potential to reset the economic foundation of our economy and improve our standing around the world," Boehner said.

Rep. Fred Upton chairman of the House Energy and Commerce Committee, said times have changed and that U.S. policy should embrace a new reality of energy abundance.

While the Obama administration "claims to support an all-of-the-above energy policy, their actions don't match the rhetoric," Upton said.

The White House called the bill unnecessary and argued that a decision on whether to end the ban should be made by the Commerce secretary.

Opponents said the bill would mainly benefit big oil companies.

"This bill is an unconscionable giveaway to Big Oil at the expense of American consumers," said Rep. Kathy Castor, a Florida Democrat.

Selling U.S. oil to foreign markets will result in higher gas prices at the pump and ultimately benefit China and other economic rivals, Castor said.

Rep. Jan Schakowsky, an Illinois Democrat, said the bill is not needed as long as U.S. continues to import millions of barrels of oil every day.

"Every barrel exported by this bill will have to be replaced by a barrel of imported oil," she said.

The measure now goes to the Senate, where its fate is uncertain.

....
http://www.pennenergy.com/articles/pennenergy/2015/10/house-oks-lifting-40-year-old-u-s-ban-on-oil-exports.html

Posted by nomanland > 2015-10-10 22:14 | Report Abuse

3 reasons why oil is back above $50
By Ivana Kottasova @ivanakottasova

So much for even cheaper gas!

World oil prices have charged higher this week, breaking back above the psychological barrier of $50 a barrel for the first time since July.

U.S. crude futures were trading two percent higher at $50.50 early on Friday.

As recently as last month some analysts were warning of a risk that prices would collapse to $20 a barrel. What's going on?

Here are three reasons for the bounce:

1. Geopolitical worries

Tensions in the Middle East, the biggest oil producing region, have pushed prices up.

Russia launched a military operation in Syria this week, marking the beginning of a new and closer cooperation between Moscow and the Syrian regime of President Bashar al-Assad. The West has criticized Russia for the move.

Investors are worried more violence in the region could impact production and transport. Reports of Russian cruise missiles falling short and landing in Iran haven't helped settle their nerves.
oil friday

2. Dovish Fed minutes

Minutes of the most recent Federal Reserve meeting released Thursday showed the central bank is not in a rush to raise U.S. interest rates. The minutes weighed on the dollar -- it was down 0.75% against the euro on Friday -- which in turn supported global oil prices.

Oil and other commodities are priced in dollars, so a weaker dollar makes them more affordable meaning prices can rise to compensate.

3. Falling U.S. production

The U.S. Energy Information Administration said U.S. crude oil production declined by 120,000 barrels per day in September compared with August.

It said U.S. production will continue declining until the middle of next year, before growth returns in late 2016. The agency also said it expects global demand for oil in 2016 to grow at its fastest in six years -- that's also good for prices.

Related: Cracks emerge in U.S. oil boom

Oil has been under pressure in recent months, having crashed more than 50% since last summer. Prices fell to their lowest level in six and half years in August, trading below $42 a barrel.

This week's rally has sparked hope that the market may have finally turned, but some analysts are still cautious.

"We do think that the price of oil will struggle to stay above the $60 level as this will bring on all the rigs which were switched off," said Naeem Aslam, chief market analyst at Avatrade.
....
http://money.cnn.com/2015/10/09/news/economy/oil-prices-above-50-dollars/index.html?section=money_markets

Posted by steve_usa > 2015-10-10 22:22 | Report Abuse

Cool, Nomanland!

Posted by 1star > 2015-10-10 22:22 | Report Abuse

The oil rally is about to over soon from low 37 to 50.......May retreat back to 44-46.....and long term bearish outlook for oil to 30-35

Posted by mh87 > 2015-10-10 22:26 | Report Abuse

Looks like at this point, no strong reason to pull the oil price down below 50..

Posted by 1star > 2015-10-10 23:02 | Report Abuse

many reasons........1 reason below

$3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF

http://www.telegraph.co.uk/finance/economics/11916485/3-trillion-corporate-credit-crunch-looms-as-debtors-face-day-of-reckoning.html

Posted by nomanland > 2015-10-10 23:05 | Report Abuse

UPDATE 2-U.S. oil output on brink of "dramatic" decline, exec says
Tue Oct 6, 2015 5:31pm GMT

* World prices seen too low to support U.S. shale oil output

* Lack of bank financing seen for new shale developments

* Risk low production levels may cause price spike

* U.S. oil sector productivity improvements seen near limit (Recasts; adds U.S. production forecasts)

By Dmitry Zhdannikov and Ron Bousso

LONDON, Oct 6 (Reuters) - Oil executives warned on Tuesday of a "dramatic" decline in U.S. production that could pave the way for a future spike in prices if fuel demand increases.

Delegates at the Oil and Money conference in London, an annual gathering of senior industry officials, said world oil prices were now too low to support U.S. shale oil output, the biggest addition to world production over the last decade.

"We are about to see a pretty dramatic decline in U.S. production growth," the former head of oil firm EOG Resources Mark Papa, told the conference.

Papa, now a partner at U.S. energy investment firm Riverstone Holdings LLC, said U.S. oil production would stall this month and begin to decline from early next year. He said the main reason for the decline would be a lack of bank financing for new shale developments.

Official data show that nationwide U.S. output has already begun to decline after reaching a peak of 9.6 million barrels per day (bpd) in April, although production in some big shale patches, including North Dakota, has held steady thus far. The Energy Information Administration forecast on Tuesday that output would reach a low of around 8.6 million bpd next year.

Until this year, U.S. oil output was growing at the fastest rate on record, adding around 1 million bpd of new supply each year thanks to the introduction of new drilling techniques that have released oil and gas from shale formations.

But oil prices have almost halved in the last year on oversupply in a drop that deepened after the Organization of the Petroleum Exporting Countries in 2014 changed strategy to protect market share against higher-cost producers, rather than cut output to prop up prices as it had done in the past.

Benchmark Brent crude was up 5 percent, or $2.50 a barrel, at $51.75 on Tuesday as investors digested news from the London conference. It peaked in recent years above $115 a barrel in June 2014.

SPIKE

The chief executive of Royal Dutch Shell Plc agreed, saying U.S. oil producers would struggle to refinance while prices remained so low, leading to lower output in future.

"Producers are now looking for new cash to survive and they will probably struggle to get it," Ben van Beurden said.

Longer term, there was a risk that low levels of global production could bring a spike in oil prices, he said.

If prices remained low for a long time and oil production outside OPEC and the United States declined due to capital expenditure cuts, there was not likely to be any significant spare capacity left in the system, he said.

"This could cause prices to spike upwards, starting a new cycle of strong production growth in U.S. shale oil and subsequent volatility," van Beurden said.

Adam Sieminski, administrator at the U.S. Energy Information Administration, told reporters on the sidelines of the conference the U.S. oil industry had reacted to lower prices by improving its productivity.

But this process could not continue forever.

"Now we are seeing the limits at least in the near term and it is beginning to impact production," Sieminski said. "We see (U.S. oil production declines) continuing into next summer."

The Secretary-General of OPEC, Abdullah al-Badri, said oil supply growth from non-OPEC producers might be zero or negative in 2016 because of lower upstream investment.

But Papa said if U.S. light crude oil prices went back up to $75 a barrel, U.S. oil production would resume growth at around 500,000 bpd - or around half the record growth rates observed in the past few years.

"I see the United States as a long-term growth producer," he said. "If low oil prices prevail - then the correction in oil prices will be much more severe."

(Writing by Christopher Johnson; editing by David Evans and Christian Plumb)
...
http://af.reuters.com/article/energyOilNews/idAFL8N1263R420151006?sp=true

Posted by Lucas Chan > 2015-10-11 12:03 | Report Abuse

hahaha, steve_usa u r so funny....seriously!!!! wakakakaka

Posted by Lucas Chan > 2015-10-11 12:05 | Report Abuse

lets see what will happen for knm tomorrow lor!!! wakakakaka

Posted by Machho > 2015-10-11 13:42 | Report Abuse

Tp 0.65 tomoro..