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Sembmarine
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pasttime
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14-Sep-2011 20:59
Yells: "." |
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show time seems to have started. | ||||||||||||||||||||||||||||||||||
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krisluke
Supreme |
14-Sep-2011 20:58
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China President Hu Jintao |
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krisluke
Supreme |
14-Sep-2011 20:54
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News EIA report Previous -4.0 million barrels Forecast -3.0 million barrels Crude oil declines since the opening of today’s session amid uncertainties that dominate the markets, as the European debt crisis is worsening and investors are concerned over the outlook of the Euro area despite officials comments to ease the market concerns. The world major nations are much worried about the European crisis and the ability of Euro area nations to contain the crisis from spreading to other countries, as Greece situation is very critical and the possibility to default within the next five years has increased to 98%, on the other side, the German Chancellor, Angela Merkel said that they will not allow Greece to default, which has eased the jitters that dominate the markets over the European debt crisis. China and the United States have showed their concerns over the European debt crisis mentioning that Euro zone nations must contain the crisis and avert contagion risks to other debt laden nation, and the Chinese premier said that the world must not rely on China, as they have to cut their deficits. Italy held talks with China over selling around 7 billion Euros of Italian bonds to China, where yesterday the Chinese premier Wen Jiabao said that China was willing to help Europe, its biggest trading partner, but he added that Europe must stop the crisis from growing, also, Italy has sold 3.9 billion Euros of government bonds yesterday but with a high yields due to low demand amid the crisis. Italy is struggling to get out of the debt crisis, where it is the third biggest Euro zone economy, by setting a 54 billion Euros austerity plan to avoid the contagion risks from other European countries and today is the final vote from the Italian parliament, which will ease some of the market fears over the debt crisis and may add some positive pressure on crude oil amid the pessimism that dominates the market. France’s biggest banks have experienced a downgrade as expected, where the credit rating agency Moody’s, had downgraded two of the French biggest banks, the second largest French bank Credit Agricole and Societe Generale due to their exposure to the Greek economy. All these factors may affect crude oil negatively and push it to the downside, as investors may concern over the slowing pace of recovery around the world, and accordingly, it will affect the future demand on oil, although, today the EIA will release its weekly report about U.S. oil inventories, which is expected to report a drop in crude stockpiles due to a storm that hit the U.S. Gulf of Mexico which is 27% of their inventories. We may see some fluctuations on oil trading but with a downside momentum due to the market uncertainty amid European debt crisis and officials attempts to calm down the markets, and we may see bad performance from the labor sector in UK as expected , and a slowdown in Euro zone industrial sector. |
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krisluke
Supreme |
14-Sep-2011 20:53
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In line with our previous report, the metal soared from the key support around 1792.00-1794.00 areas as seen on the provided four-hour graph. Now, the previous caught negative sign on AROON indicator is about to be fixed, but we need to witness a sustained breakout above the resistance line of the corrective structure to make sure that the correction from the all-time high of 1920.00 is completed. A breakout above the aforesaid resistance line -1835.00 zone- confirms our bullish predications while a break above 1845.00 -value of TEMA 20- will accelerate the awaited upside wave. Conversely, a break back below 1785.00 will delay this wave. The trading range for today is among the key support at 1772.00 and key resistance now at 1900.00. The general trend over the short term basis is to the upside targeting 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1825.00, 1815.00, 1800.00, 1785.00, 1772.00 Resistance: 1845.00, 1855.00, 1867.00, 1873.00, 1888.00 Recommendation Based on the charts and explanations above our opinion is, buying gold above 1835.00 targeting 1912.00 and stop loss below 1785.00 might be appropriate.
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krisluke
Supreme |
14-Sep-2011 20:51
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Once more, oil retreated from levels near the top of the rising wedge formation after testing the 50 Days SMA. While the short term pattern suggests a downside continuation of the major move, there is no need for haste, as the trading range among the formation is getting narrower suggesting the breakout may be soon. Therefore, we will stay aside awaiting a confirmation for the next move. The trading range for the day is among the major support at 83.00 and the major resistance at 92.00. The short-term trend is to the downside with steady daily closing below 100.00 targeting 65.00. Support: 88.70, 87.70, 86.70, 85.60, 84.90 Resistance: 89.40, 90.40, 91.30, 92.00, 93.00 Recommendation Based on the charts and explanations above we recommend staying aside awaiting more confirmations.
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krisluke
Supreme |
14-Sep-2011 20:49
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Sembcorp Marine (SCMN.SI) was among the index’s biggest gainers, as a rebound in oil prices helped to lift sentiment for rigbuilders.
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chinton86
Veteran |
14-Sep-2011 20:15
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i believe will go up to $4 once 3.8 broken. However, this is just observation only. | ||||||||||||||||||||||||||||||||||
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eplepl
Master |
14-Sep-2011 19:10
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short term can short it.... too bad i am busy today.
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GuavaXF30
Master |
14-Sep-2011 17:15
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Funny. I look at it the other way. Only just saw that the price fell to 3.69 low  when I was out. Would have bought back what I sold at 3.80. Closed at 3.80 so good thing you were not around to short it.
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eplepl
Master |
13-Sep-2011 16:13
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alamak... just turn on the page to find that the price is 3.72 should let me short it at 3.79    
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Richman
Veteran |
13-Sep-2011 14:37
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Let me hold on for a while till tomorrow and sell at 3.85 or ^
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iPunter
Supreme |
13-Sep-2011 14:26
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Sifu is right...     That's the right and healthy approach to stocks betting...                 The process has to be enjoyable, yet challenging                           enough, and above all, allows oneself to learn                                   about one's own human weaknesses...
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GuavaXF30
Master |
13-Sep-2011 14:25
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Buying momentum building. Don t know can last or not? Should I take profit ?
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dc16888
Senior |
13-Sep-2011 14:21
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thinking to short it, waiting.. http://www.tradestockdiary.blogspot.com http://www.holistichealingnatural.blogspot.com   |
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rotijai
Supreme |
13-Sep-2011 14:01
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epl.. if u are interested, we bought f34 this morning
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Richman
Veteran |
13-Sep-2011 13:56
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Make some good profit once in a while, can't win all the time. Still need to learn about money management.   Best Rgds
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Gaecia
Elite |
13-Sep-2011 13:53
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i am not touching s51.
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PinkPunter
Senior |
13-Sep-2011 13:43
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Nowadays so erratic,  yesterday down until siao yet today totally recovered with gain some more..really dunno should long or short..?? |
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rayyeo
Senior |
13-Sep-2011 12:15
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Yes, i sold last week at $3.80. haha.
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eplepl
Master |
13-Sep-2011 12:13
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r u shorting it or long it ?
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