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SPC
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giantlow
Master |
04-Feb-2007 12:06
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Crude futures top $58 as distillate supply declines
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chinkiasu
Master |
04-Feb-2007 01:49
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i had another look at the intra day chart : volume distribution
  it would appear some big boy is selling down in the last quarter of trade... |
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giantlow
Master |
04-Feb-2007 01:43
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so far, SPC has not track the recent gains in oil prices. but when it does, we can sure expect a huge jump in prices | |
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spurs88
Senior |
03-Feb-2007 22:09
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Time to look at this gem again. World oil prices slowly creeping up again. Hope to earn some to compensate should petrol price in S'pore starts going up again. |
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geojam
Member |
03-Feb-2007 21:13
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Hi giantlow Big resource companies in Australia,like BHP,Woodside,RioTinto,Wesfarmers have their books full to supply oil,gas,iron ore etc...To just China alone for the next 3 years. So i think SPC,kind of resource share will be fine. |
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Livermore
Master |
03-Feb-2007 21:05
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Don't worry. Sure bull! | |
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giantlow
Master |
03-Feb-2007 14:53
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yup. i am still positive. but SPC realli needs the big boys to enter before the prices can realli cheong ah. now all the small fishes swimming only | |
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chinkiasu
Master |
03-Feb-2007 13:35
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yes giantlow, sir, I agree too we should cross the 4.48 mark, in fact I think it has to cross the 4.50 barrier early next week and then we shall see it go sailing or rather gushing... And things look a lot brighter re your bloomburg news... I remain hopeful ... | |
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bulbideal
Member |
03-Feb-2007 11:36
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Hi boonmengtan, The biz Time need password and ID leh.... you have post up? |
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giantlow
Master |
03-Feb-2007 11:12
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good news comes in pairs Oil Surges Above $59 on Increased Fuel Demand, OPEC Output Cuts http://www.bloomberg.com/apps/news?pid=20602099&sid=aBIpl5bPluuU&refer=energy |
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giantlow
Master |
03-Feb-2007 11:11
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more good news on the oil front. Crude Oil May Rise Because of Increased Fuel Demand http://www.bloomberg.com/apps/news?pid=20602099&sid=a5NvbzD.fbRs&refer=energy |
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giantlow
Master |
03-Feb-2007 11:05
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chinkiasu, my views concur with KilrOy. SPC needs to break 4.48 and stay about that amt b4 it can be considered to be resuming its uptrend. Oil prices shot up on Friday trading. This should bode well for SPC. Watch out for it man. |
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chinkiasu
Master |
03-Feb-2007 01:29
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alamak, boonmengtan, I would like to read the article but unfortunately cheapskate like me am not a subscriber to BT.. could pls post the article instead of link. if too long a short summary of article.. bottomline would the output affect SPC significantly improve profitability? | |
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boonmengtan
Member |
03-Feb-2007 00:34
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SPC set to enjoy output from Oyong oil field see this article from The The Business Times Online |
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KiLrOy
Master |
02-Feb-2007 23:37
Yells: "I buy only what I can see." |
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[15:31 US TECHS: Commodities Outlook; Gold and Oil] Boston, February 2. Apr [gold] is at risk of an unchanged close for the week should today"s close finish with losses of around $12. With the market having reached its highest prices since early August yesterday, today"s reversal bears close attention, as daily momentum readings now are notably lower than peaks set last November and December despite higher prices now. That divergence should lead to at least the 38% retracement of range set since early January at $645 Apr, still achievable today on additional weakness. The market is still bullishly outside the confines of the large triangle defined by Jun/Jul extremes on continuation charts, needing a firm break below $643 to point to greater downside risk. Yesterday, [oil] reached its 50% retracement of range set since early December. The $60.60 Mar area marks both its 62% retracement point and the lowest low on charts that acted as support before prices broke sharply lower last month. A test would be an ideal sell, and with momentum rising (though still negative), reaching neutral indicator readings could easily coincide with such a rebound. That"s still a tall order for a market that has already come back nearly $8 from its lows of mid-January, and for which weekly/monthly resistance is to either side of $59.50 Mar. The first signs of change on important weekly trends is occurring today, with a shift to neutral from bearish after four weeks, but bearish monthlies still rule the roost below $61.58 Apr. Risk of a sizable correction lower remain in place from current levels up to the low $60 region. Joel.Marver@thomson.com |
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KiLrOy
Master |
02-Feb-2007 21:49
Yells: "I buy only what I can see." |
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Resumed its upward trend. ADX shows trend is getting stronger but please break 4.48 to convince me. | |
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iPunter
Supreme |
02-Feb-2007 19:47
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So nickyng... how much did you make from the short short?... :) |
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chinkiasu
Master |
02-Feb-2007 18:22
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hi giantlow, now that the price is 4.46 what do you think will now happen next week... my view is that it should hit 4.6 but for this weekend I guess I have to drink more beer and try to relax... |
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nickyng
Supreme |
02-Feb-2007 18:11
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ok enough of love n philosphy....put thg to perspective..i covered my short at $4.44 ...PHEW !!! :P | |
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brizy88
Member |
02-Feb-2007 14:46
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Hey Giantlow - good post. Was wondering for awhile whether I am in an ideology - philosophy forum. Although must admit such digression can be interesting and mind stimulating at times. | |
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