KNM needs to break 0.535/0.540 The 1st wave height was 0.09. The ending of 5th wave will be 0.615. If break the 0.615 in near future, that is another story of life. Hmm! If not, that is another story or sorry. he he
So, coming Tuesday and Wednesday, will be an interesting day about the oil supply in US. And coming Friday will the rig count. Last Friday, rig count dropped.
Watch out for the US Dollar index. This might create ambiguity in the market.
Just a simple opinion. Like it, read it. Don't like it, just keep your opinion to your good self. Life too short for stupid argument. "argumentum ad hominem"
Oil price stagnant coz US economy stagnant... everyone else economy also stagnant... all major economeis starting to look like Japan economy in the and 90's
KNM Group Bhd has fixed the issue price for its proposed private placement of up to 193.9 mln shares at 50 sen per share. The issue price represents a discount of 6.0% to the five-day volume weighted average price of the shares up to and including 30th October 2015, being the last full trading day immediately prior to the price fixing date, of 53 sen per share. • Based on the issue price of 50 sen, the exercise would raise RM97.0 mln. Proceeds will be utilised to repay borrowings and for working capital.
This might influence Fed decisions for postponing the interest rate hike till next year instead of this coming December. The interest rate is one of the main cause of price drop yesterday because Fed's Yellen mentioned of possible interest rate hike coming Dec.
The month of December 2015 is critical for oil price
monitor these... 1. US Fed interest rate hike. 2. US Dollar index. 3. OPEC meeting. 4. US oil production 5. US east coast, light crude oil import from Africa nation instead of mid west. 6. US oil rig count. 7. China, ShangHai index, 2nd largest in the world market. (currently in the bull trend)
Just do some research before jumping into any conclusion if you invest in the oil and gas stock.
for this one i wait for december because of possible of double impact. Fed rate hike in December and possible OPEC decision not to do a anything with regard current oil price as indication already give by OPEC in November that the current oil price is stabilizing. So this will create double impact to the share of KNM with possible of more downturn.
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....
nomanland
3,221 posts
Posted by nomanland > 2015-11-02 12:17 | Report Abuse
KNM needs to break 0.535/0.540 The 1st wave height was 0.09. The ending of 5th wave will be 0.615. If break the 0.615 in near future, that is another story of life. Hmm! If not, that is another story or sorry. he he
So, coming Tuesday and Wednesday, will be an interesting day about the oil supply in US. And coming Friday will the rig count. Last Friday, rig count dropped.
Watch out for the US Dollar index. This might create ambiguity in the market.
Just a simple opinion. Like it, read it. Don't like it, just keep your opinion to your good self.
Life too short for stupid argument. "argumentum ad hominem"