The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family.
Our main objective is to make money and not make enemy.
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Fardar, no one can predict about ti...but we judge by logic...ermm example. oil now over supply few million barrel per day, and where is all the stock go? so obvious inside their inventory holding. they dowan let go at current price. but inventory space are limited, and if oil still trade around 50 dollar until next year, what will happen? it gonna fall before another bull run on oil. it have to only can advance higher. so important issue depend on May'15 for opec meeting either they willing to reduce output or not? but they want to gain market share. cuting output now does not make them win. likelyhood low. my 2 cent knowledge . lolx
agree region.. i am seeking for new knowledge also hehee... but my opinion is, these rich oil producers can really stock up so many inventory in their warehouse? holding power like unlimited let say they are holding 150m barrels x 20USD = 3bil USD not yet plus management and warehouse cost.... 150 is also very very min estimation for them only...
that is the problem, for suadi will be fine. they not driling and nto high cost for opec member. they cost is low not mroe than 10 dollar per barrel production. while usa and other country is the dangerous one becos high cost of production. depend on time when they gonna blow the bomb.
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Posted by simon84 > 2015-01-03 09:40 | Report Abuse
The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family. Our main objective is to make money and not make enemy. For chart reference you may visit my page at https://www.facebook.com/pages/Gila-Saham/536182926525672