Posted by henry888 > 2020-04-22 14:19 | Report Abuse

Oils turnaround depends on covid pandemics' length of time to slow down or die down so that 'lock down' will end and economics activities back to normal.

Posted by mf > 2020-04-22 14:21 | Report Abuse

Meltdown in oil continues as Brent plunges 13%

Posted by maxprofit2020 > 2020-04-22 17:05 | Report Abuse

today EMA 20 crossover > EMA 5, officially move into downtrend again.
the previous uptrend since Apr 2nd ended.

WTI June future drop to $ 10.72, most likely will be in negative price again when it is going to expire next month.

daily buy Q is high but price had been dropping from 0.18 to 0.135, most likely those buy Q are fake volume.

Posted by Smallretailer > 2020-04-22 17:24 | Report Abuse

Still waiting on 10 cnts price same as last month.come on pls lower a bit

Posted by roger3210 > 2020-04-22 17:25 | Report Abuse

bu y

Posted by Invicibletrader > 2020-04-22 21:13 | Report Abuse

Just imagine if this share flies to its previous value of RM 8.

Posted by FoolsGold > 2020-04-22 21:16 | Report Abuse

need a time machine, back to the glorious past..

Posted by FoolsGold > 2020-04-22 21:17 | Report Abuse

go forward to future, Oil is kaputing..

Posted by tkl88 > 2020-04-22 22:02 | Report Abuse

Wow, oil price continue to spike up !
As at 10.00pm,
Nymex => $15.65 (+4.08) (+35.26%)
Brent => $21.97 (+2.64) (+13.66%)

Posted by wind_00 > 2020-04-22 23:07 | Report Abuse

Probably the main revenue is generate from America. Which current covid are quite threatening in America. Just my point of view. If future is bright it will still worth to buy and hold

Posted by investortrader88 > 2020-04-22 23:11 | Report Abuse

https://www.aljazeera.com/ajimpact/stocks-rebound-oil-price-200422123959687.html

Posted by investortrader88 > 2020-04-22 23:16 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/Oil-Jumps-After-Trump-Orders-Navy-To-Shoot-And-Destroy-Iranian-Gunboats.html

Posted by tkl88 > 2020-04-23 06:17 | Report Abuse

Wow, Fantastic ! Dow Jones spike up to
closed at=> 23,475.82 (+456.94) (+1.99%) !

Posted by tkl88 > 2020-04-23 07:03 | Report Abuse

Wow, Fantastic,
Oil price started it’s bull run again !

Nymex closed at=> $13.78 (rose +19%)
Brent closed at=> $20.37 (rose +5%)

Posted by tkl88 > 2020-04-23 07:32 | Report Abuse

International oil prices rebound following Trump warning

April 22, 2020 8:09 pm by Myles McCormick and Joe Rennison in London, Hudson Lockett in Hong Kong and Matthew Rocco in New York

Brent bounces back from two-decade low after US president takes aim at Iranian vessels

Oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, saying that he had ordered US warships to “shoot down and destroy” Iranian vessels if they posed a threat.
The US president’s intervention sent Brent crude back above $20 a barrel after the international benchmark had tumbled to its lowest level since 1999 on concerns over the collapse in global oil demand.
The declaration from Mr Trump also helped buoy the high-yield bond market, which is heavily exposed to the fate of energy companies. BlackRock’s iShare high-yield bond exchange traded fund, known by its ticker HYG, rose 1 per cent, having dipped 1.8 per cent on Tuesday.

“I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,” Mr Trump wrote in a tweet.
The prospect of renewed tensions in the Middle East gave crude a lift during a week where prices have struggled to contend with an evaporation in demand triggered by the coronavirus pandemic.

Brent rose as high as $22.45 a barrel and settled at $20.37, up more than 5 per cent on the day. The energy sector helped lead a rally on Wall Street that sent the benchmark S&P 500 up 2.3 per cent following two days of falls. The tech-heavy Nasdaq Composite closed up 2.8 per cent.
West Texas Intermediate, the US marker, rose 19 per cent to $13.78 a barrel. It almost halved during the previous session and earlier in the week fell into negative territory for the first time as producers were forced to pay buyers to take oil off their hands ahead of the expiry of futures contracts.

Brent crude remains down about 27 per cent so far this week. Oil production levels have remained robust even as the virus destroys demand, creating a supply glut. An unprecedented cut of almost 10 per cent of global supply by Opec and its allies will take effect next month, but traders worry it is not enough to offset the collapse in consumption.
The head of the International Energy Agency on Tuesday called for the output reductions to be expedited and deepened. Opec members met by phone overnight, but there was no sign they would change their plans.

Posted by 5c0160 > 2020-04-23 10:06 | Report Abuse

Totally game over counter.

Posted by tkl88 > 2020-04-23 13:29 | Report Abuse

Wow, Marvelous !
Oil price continue to spike up !

As at 1.27pm,
Nymex at=> $15.77 (+1.99) (+14.4 %)
Brent at=> $22.87 (+2.50) (+12.3 %)

Posted by riko > 2020-04-23 18:01 | Report Abuse

sohai.... lai liao

Posted by abccccd > 2020-04-23 20:07 | Report Abuse

buy

Posted by Investsucess Trader > 2020-04-23 21:15 | Report Abuse

About time to re-enter, probably next weekend

Posted by Godofgambler > 2020-04-23 22:40 | Report Abuse

Time to sailang knm!!!!!

Posted by Godofgambler > 2020-04-23 22:41 | Report Abuse

Tp0.40

Posted by tkl88 > 2020-04-23 23:03 | Report Abuse

Wow, Awesome!
Oil price continue to spike up to sky high !
Nymex now at=> $17.83 (+4.05) (+29.39%) !

Posted by signalmw > 2020-04-23 23:05 | Report Abuse

https://inews.hket.com/article/2625909?r=cpsdfb

Posted by Godofgambler > 2020-04-23 23:54 | Report Abuse

Meletupppplp knm

Posted by bnce1688 > 2020-04-24 01:52 | Report Abuse

useless counter better sell, cut loss short. MCO extend another 2 weeks,basic economics oversupply underdemand. better opt for other counter instead.

Posted by maxprofit2020 > 2020-04-24 06:30 | Report Abuse

wait for downtrend completed and buy back.

Posted by Godofgambler > 2020-04-24 12:24 | Report Abuse

Want fast money...
Confirm this is not the place...
Go play casino...

Posted by GoodTrade > 2020-04-24 14:45 | Report Abuse

Bad news from Petronas ... Petronas is said to have reduced the number of its fully active rigs from 18 to 4 since oil price began dropping late last year ... Petronas had shut down or warm-stacked 14 projects until oil price recovers to break even levels, an industry publication reported, quoting sources ...

Posted by GoodTrade > 2020-04-24 18:48 | Report Abuse

Next week is quite eventful ... Thursday is Brent oil June2020 contract expiry date, no sure whether any oil price collapse or not ... Friday suppose to be able to do short selling for IDSS, no sure whether Bursa would announce extension or not ... Could be a roller coaster week ...

Posted by Investsucess Trader > 2020-04-24 20:44 | Report Abuse

Better to stay at the sideline for next week...

Posted by maxprofit2020 > 2020-04-25 08:44 | Report Abuse

realistically the next support should be at the range of 0.105 - 0.115.
the high buy Q is fake volume, all 0.145, 0.14, 0.135 had been disposed within 2 days.

Posted by Godofgambler > 2020-04-25 10:58 | Report Abuse

Maxprofit... Ok you wait there..
Go to www.tunggulama.com

Posted by Sales > 2020-04-25 16:44 | Report Abuse

With this price, better buy Velesto

Posted by char1234 > 2020-04-25 17:04 | Report Abuse

knm is not an oil counter...

Posted by Investsucess Trader > 2020-04-25 19:11 | Report Abuse

I prefer KNM boss to velesto boss.,,,,Knm boss is smarter and much cleverer...

Posted by 风云 > 2020-04-25 21:34 | Report Abuse

how smart and clever ? from billionaire to millionaire then margin call, forced selling ...

Posted by paktua73 > 2020-04-26 06:50 | Report Abuse

Paktua calling all general rebellions out there..

calling calling all general rebellions..
come come..
come to..kondo janda dayang..
let we holidays in kondo janda kyy ..
kondo janda dayang ex-janda kyy still cun cun..

janda dayang fuhhhhh..meleleh..
lia pinya pukulan..ramai terkulai..
even kyy surrender woo

https://youtu.be/YTHhd8RyURo

ihik ihik
have good weekend..


tut tut

Posted by BearishTrend > 2020-04-26 16:18 | Report Abuse

day by day down

Posted by Lucky81 > 2020-04-26 16:47 | Report Abuse

idss back lagi down, u bukan tak tau cerita pada bulan mac. tiap tiap hari down.

Posted by stklearner > 2020-04-26 16:52 | Report Abuse

Any chance u think, idss, will defer some more ? Then May could get a boost

Posted by Lucky81 > 2020-04-26 17:50 | Report Abuse

lucky if they are still banned from entering the market.

Posted by Friendship > 2020-04-26 18:04 | Report Abuse

Idss no chance come back until at least second half

Posted by Friendship > 2020-04-26 18:21 | Report Abuse

https://oilprice.com/Alternative-Energy/Renewable-Energy/110-Trillion-Renewables-Stimulus-Package-Could-Create-50-Million-Jobs.html

Posted by Friendship > 2020-04-26 18:21 | Report Abuse

KNM future is super promising
But price pls drop more as I still haven’t collect

Posted by Investsucess Trader > 2020-04-26 21:04 | Report Abuse

This weekend can starts to accumulate...

Posted by RISK8888 > 2020-04-26 22:56 | Report Abuse

https://www.agra-net.com/agra/world-ethanol-and-biofuels-report/biofuel-news/ethanol/thailand---fuel-ethanol-plants-get-greenlight-for-sales-to-medical-sector--1.htm

Posted by RISK8888 > 2020-04-26 22:57 | Report Abuse

Can’t read the full article, anyone got access. Appreciate can share us the details.

Posted by Friendship > 2020-04-27 10:17 | Report Abuse

Ya pls drop to 0.10 or below

Posted by Friendship > 2020-04-27 13:46 | Report Abuse

Support at 0.08