agreed..to avoid disturb other ppl forum i asked region chat at this forum..i do understand HB forum is for shorting KLCI..now our position is different ..is not nice we discuss with different position forum.otherwise end up we will become enemy... :)
Thanks OTB..i create my page without any purposes and motives...i just sharing based on my view and TA..Every posting i have set cut lose and take profit level ..
Yes simon... I do follow ur page... It really help me in makin my decision...btw, TQ bro... Later will change my nickname to MainBesar... Hoho... D one that really shock me that u do advise us when to exit...
Oil falling..from USD59-56.20...while Dow Jones just hit 17600 that is important level.. If fail to move above 17600 then may have another selling wave.. :(
based on the TA is rebound sign and last few hours success rebound till 59.00 and now fall back to 56.20..is not a good movement....no surprise if back to previously support...
Simon84, Base on historical fact, low crude oil price is good for stock market worldwide. Normally, the crude oil price drops, stock market worldwide will go up. Last few days, it is panic, not logical for stock market to drop like waterfall when crude oil price tumbles. This is my personal opinion.
OTB thanks for your info..Based on my TA DJ must break above 17600 for further upside.. If it retreat is not a good thing cause will another selling wave..This is my personal view..Hope it will rebound back at 2nd session..If fall and break below 17500 is not a good sign..
Dear OTB, my personal opinion is that O&G is a "manipulated game". It has no longer anything to do with real demand and supply, any catalyst is just a button for manipulators the chance to initiate a sell down or push up which affects the movement of world stock market.
morning mainbesar...haha..Oil mostly will rebound back after hitting the support at USD54.25 and may back to USD 59.00 area .However any breakdown below USD54.00 suggest more downside..
I believe oil will rebound today and trade above USD 56
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Posted by simon84 > 2014-12-18 19:42 | Report Abuse
thanks murali for your advice ..i will alert on this issue..:)