Posted by jiunn > 2020-03-20 13:28 | Report Abuse

^^^OIL & GAS: WAS IT A BOTTOM?

Congratulation if you have FISH the bottom yesterday!!!

All O&G done its lowest record low on the MEGA selldown since month ago. Today O&G rebounds strongly in range of 5%-15% in heavy volumes with the bullish divergence and MACD hook-up..

Does it mean that the SOLID BOTTOM was hit yesterday?

I believe "THE WORST IS OVER" for temporary....that we should start taking some position in the market presently.

While we may not be buying near the bottom, we will be buying now at deeply-depressed prices that would lower our potential downside risk & increase our potential upside return for more than 20%....what comes down must goes up!!

I quick done a summary on those potential target base on Fib. cal to hit in near term:

DAYANG 1,25(0,236); 1,59(0,382); 1,86(0,500)
UZMA 0,465(0,236); 0,565(0,382); 0,640(0,500)
VELESTO 0,168(0,236); 0,207(0,382); 0,238(0,500)
CARIMIN 0,530(0,236); 0,670(0,382); 0,778(0,500)

Good luck! Huat Huat AAARRRR!!!! Happy Trading!!

Posted by aireez > 2020-03-20 23:16 | Report Abuse

Look like unhappy trading on Monday lorrr ...............

Posted by aireez > 2020-03-21 12:18 | Report Abuse

Crude Oil WTI 1st Front Month (NYMEX)
[ Futures Prices ] [ Options ] [ Detailed Quote ] [ Technicals ]
Date Open High Low Last Change Percent
03/20/20 24.73 27.89 19.46 22.43s -2.79 -11.06%

Posted by Will76 > 2020-03-22 22:52 | Report Abuse

Breaking News from CNBC

Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.

U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.

Posted by dlau8899 > 2020-03-24 22:42 | Report Abuse

Us QE, Euro QE, all money bound to stock market, this will help stock market up at the moment.

Posted by Mat Cendana > 2020-03-25 12:48 | Report Abuse

@jiunn "While we may not be buying near the bottom, we will be buying now at deeply-depressed prices that would lower our potential downside risk & increase our potential upside return hold on to this stance too..."

This is my opinion and stance too. Yes, the price may go down some more. But when compared to what it was just some weeks ago, the current price is definitely 'a bargain'. Better than what those investment bank analysts had opined.

The oil & gas sector is in trouble right now and it's very risky to buy the related shares. But I'm going to risk it and speculate on things to improve in the coming months. Bought some Uzma units to get started. Will see how things go in the coming days and weeks, and add at different times.

If this speculation pans out, there might be a 100% return in the future. Hopefully within a year. "Too optimistic"? Perhaps. But we have seen this story before at Bursa. Again and again.

Posted by Jokers2020 > 2020-03-25 22:04 | Report Abuse

Uzma Bhd

Maintain neutral with a target price of 57 sen: Uzma Bhd reported that its subsidiary, Setegap Ventures Petroleum Sdn Bhd, had secured a contract from ExxonMobil Exploration

Posted by freddiehero > 2020-03-26 21:16 | Report Abuse

yes.tp 0.40 done..

Posted by freddiehero > 2020-03-26 21:16 | Report Abuse

anyone start sapu?

Posted by Jokers2020 > 2020-03-26 21:24 | Report Abuse

i sapu 0.385 yesterday n sold 0.425 and sapu again at 0.395 near to closing time

Posted by freddiehero > 2020-03-26 23:09 | Report Abuse

u r nice peofit

Posted by Will76 > 2020-03-26 23:39 | Report Abuse

Breaking News from CNBC

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.

West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.

Posted by Jokers2020 > 2020-03-27 06:23 | Report Abuse

today will be green..

Posted by dlau8899 > 2020-03-27 14:02 | Report Abuse

From 1.14 to 0.42. More than 70 percent discount

Posted by dlau8899 > 2020-03-27 14:03 | Report Abuse

If buy above 0.90 , why not buy now

Posted by dlau8899 > 2020-03-27 14:04 | Report Abuse

Company continue get contract....

Posted by Jokers2020 > 2020-03-27 15:20 | Report Abuse

sold 0.415..tqvm....queue to buy back 0.39 n 0.395...lai lai lai..

Posted by freddiehero > 2020-03-29 08:44 | Report Abuse

r u ready everyone?......

Posted by Investsucess Trader > 2020-03-29 09:36 | Report Abuse

So many ask to buy and also so many ask to sell, so how........ The best is don't buy and sell. just wait.....

Posted by wesley_gold > 2020-03-29 19:01 | Report Abuse

waiting to buy at 0.30... haha

Posted by Investsucess Trader > 2020-03-29 20:17 | Report Abuse

Now getting more serious, today 7 dead, later total lock down will affects the KLSE. Playing the mouse and cat games.

Posted by Will76 > 2020-03-29 22:50 | Report Abuse

News from CNBC

Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.

Brent crude was trading 5.1% lower at $24.99 per barrel.

U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.

Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.

The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.

Posted by Investsucess Trader > 2020-03-30 20:46 | Report Abuse

Oil drops to a 18 years low, terrible, and dow jones wobbles.....

Posted by tkl88 > 2020-03-31 01:50 | Report Abuse

As at 1.47am,
Nymex=> $19.89 ‪(-1.62) (-7.53 percent)
‪Brent =>‬ $26.04 ‪(-1.91) (-6.83 percent)

Posted by tkl88 > 2020-03-31 02:08 | Report Abuse

As at 2.05am,
Nymex => $19.57 ‪(-1.94) (-9.02%)‬
Brent => $25.75 ‪(-2.20) (-7.87%)‬

Posted by tkl88 > 2020-03-31 03:17 | Report Abuse

Oil Prices Slide As Saudi Arabia Confirms Another Export Boost
By Tsvetana Paraskova - Mar 30, 2020, 9:00 AM CDT
www.google.com.my/amp/s/oilprice.com/Energy/Crude-Oil/Oil-Prices-Slide-As-Saudi-Arabia-Confirms-Another-Export-Boost.amp.html

Posted by tkl88 > 2020-03-31 03:18 | Report Abuse

Saudi Arabia is not backing down from the oil price war for market share, pledging another increase in its crude oil exports starting in May, despite a growing global glut amid crashing demand.
“[T]he Kingdom intends to increase its crude oil exports, starting from May, by about 600 thousand barrels per day, bringing the total of Saudi petroleum exports to 10.6 million barrels per day,” an official at the Saudi Arabian Energy Ministry said on Monday, as carried by the official Saudi Press Agency.

Posted by myinvestor > 2020-03-31 10:05 | Report Abuse

Missile attack on Saudi Arabia. Price going up soon.

Posted by Sonnykwaeh > 2020-03-31 10:47 | Report Abuse

BUY xin hwa (5267) start moving up must buy today

Posted by Investsucess Trader > 2020-03-31 18:35 | Report Abuse

Goreng time,......

Posted by tkl88 > 2020-04-01 04:53 | Report Abuse

Dow Jones closed at=> 21,917.16 (-410.32) (-1.84 percent)

Posted by Will76 > 2020-04-01 10:08 | Report Abuse

Breaking News from Bloomberg

Oil is entering a period of unparalleled demand destruction this month that promises to transform the industry for years to come.

Daily consumption will plummet by 15 million to 22 million barrels in April from a year earlier, according to estimates from some of the world’s most influential energy analysts. The crash has already led to refiners slashing processing, drillers halting output and storage tanks swelling across the world.

The demand slump is being exacerbated by former OPEC+ allies Saudi Arabia and Russia pumping as much crude as they can in a battle for market share, heaping additional pressure on shipping, tanks and pipelines. Goldman sees around 20 million barrels a day flowing into storage in April, while IHS Markit expects the world will run out of space to store oil by the middle of the year.

"Oil price likely to be moving towards USD15/barrel based on the above scenario"

Posted by Will76 > 2020-04-01 10:16 | Report Abuse

"Few in the industry will be spared. April is also set to be the worst ever month for global jet fuel demand, while industry consultant FGE forecasts American gasoline consumption will plunge by 50% from a year earlier. Energy Aspects Ltd. predicts global benchmark Brent crude may drop to near $10 a barrel, a level not seen in more than two decades."

Posted by tkl88 > 2020-04-01 16:25 | Report Abuse

As at 4.21pm,
Dow Jones future at=> 21,114.0 (-637.0) (-2.93%)

Posted by tkl88 > 2020-04-01 16:32 | Report Abuse

As at 4.29pm,
Nymex=> $20.09 (-0.39) (-1.90%)
Brent => $24.91 (-1.44) (-5.46%)

Posted by Investsucess Trader > 2020-04-01 19:29 | Report Abuse

very volatile and wild swing,

Posted by tkl88 > 2020-04-01 22:06 |

Post removed.Why?

Posted by Investsucess Trader > 2020-04-01 22:10 | Report Abuse

Friday can buy some to trade......

Posted by tkl88 > 2020-04-02 06:29 | Report Abuse

Dow Jones closed at=> 20,943.51 (−973.65) (-4.44 percent)

Posted by tkl88 > 2020-04-02 06:59 | Report Abuse

Dow plunges 974 points after Trump warns of 'painful' times to come and a 'shocking' coronavirus death toll
Carmen Reinicke
Apr. 1, 2020, 04:09 PM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/stock-market-news-today-dow-sp-fall-coronavirus-death-projections-2020-4-1029056226

* US stocks fell sharply on Wednesday after President Donald Trump told the country to brace for a "very, very painful two weeks" amid the coronavirus pandemic.
* The White House projected that the US could see 100,000 to 240,000 deaths from COVID-19, the illness caused by the coronavirus.
* The losses came on the heels of the worst-ever first quarter for the Dow Jones industrial average.
* Read more on Business Insider.

US stocks fell Wednesday after President Donald Trump issued a dire new warning about pain ahead due to the coronavirus pandemic. 
Trump told Americans to brace for a "very, very painful two weeks" during a press briefing Tuesday evening, adding "this is going to be three weeks like we've never seen before."
The White House is now projecting that the US could see between 100,000 and 240,000 deaths from the coronavirus pandemic, peaking over the next two weeks. Right now, the US has 189,000 confirmed cases of COVID-19, currently the largest outbreak in the world. As of April 1, 4,000 have died of coronavirus in the US.

Posted by tkl88 > 2020-04-02 07:00 | Report Abuse

Here's where major US indexes stood at the 4 p.m. ET market close on Wednesday:
* S&P 500: 2,470.50, down 4.4%
* Dow Jones industrial average: 20,943.51, down 4.4% (974 points)
* Nasdaq composite: 7,360.58, down 4.4%

Investor sentiment is falling as the impact of the coronavirus pandemic is "maybe starting to hit home for people that had been hoping for better news," Liz Ann Sonders, chief investment strategist at Charles Schwab, told Markets Insider in an interview. 
The losses came after the Dow Jones industrial average posted its worst-ever quarterly performance on Tuesday, slipping more than 23%. Both the Dow and the S&P 500 also posted their worst monthly returns since the depth of the financial crisis in October 2008, falling 14% and 13% in March.

Posted by amircesc4 > 2020-04-02 14:33 | Report Abuse

What happen?

Posted by Ravi Kumar > 2020-04-02 14:41 | Report Abuse

Oil moving as Saudi and Russia will call a truce. Look at Carimin also

Posted by amircesc4 > 2020-04-02 14:46 | Report Abuse

Finally. I bought at 0.380. Hold tight now. Full speed to the moon.

Posted by Jokers2020 > 2020-04-02 16:28 | Report Abuse

why uzma slow move..carimin n dayang more power

Posted by Investsucess Trader > 2020-04-02 19:23 | Report Abuse

Posted by Jokers2020 > Apr 2, 2020 4:28 PM | Report Abuse

why uzma slow move..carimin n dayang more power


Rose 26.25% still slow move ah.... One is honda engine ,another is suzuki engin.....

Posted by tkl88 > 2020-04-02 20:04 | Report Abuse

As at 8.01pm,
Nymex =>22.38 ‪(+2.07) (+10.19%)‬
Brent => 27.34 ‪(+2.60 (+10.51%)‬

Posted by asuhaimi01 > 2020-04-02 22:48 | Report Abuse

Sudah 30USD Brent Oil.. esok letop la ni

Posted by mf > 2020-04-02 22:48 | Report Abuse

56-64cen

Posted by Ravi Kumar > 2020-04-02 22:49 | Report Abuse

Besok limit up for Uzma, Carimin, Nain, PEnergy