All 4 FVE's is showing accumulation, and is climb upward toward 0 on another TA chart I have. Once it past the 0, bull is on. As for Elliott wave, current wave is on bullish trend, 2nd wave with amplitude of 13%
Resistance: 0.54
Support: 0.48 and 0.50

As for the news, I'll wait for US inflation result, next day or so. It is or maybe the final decision where FED may increase the rate on December or postpone to next year March. Where else, UK's rate already postponed to April'16. If the FED is going to postpone it to next March'16, Gold, Silver, Copper, and Oil will start their engine, US Dollar Index will drop.

I am just waiting for this event.

@Alex Chan, yup. this is what I am seeing, Squeeze ... Look at #6 Short Term Volume + Price Oscillator. The Red almost cross the Blue(moving average).

... and waiting #6 Short Term Volume + Price .... to reverse and cross..

#4 no up signal yet, and continue downtrend \|/ signal,
waiting for #3 Bottom to cross the mid
and waiting for Stochastic to reverse....

Hi Chua Kwan Liang, do some reading on those link I posted. Decide and plan your own strategy on investment.

Don't blindly follow anyone in i3investor's forum, especially this Nomanland.

I love Amsterdam, Holland. ;)

An interesting article to read.

http://oilprice.com/Energy/Oil-Prices/How-Shale-Oil-Will-Survive-The-Crude-Carnage.html

http://www.marketwatch.com/story/oil-prices-rise-ahead-of-us-jobs-oil-rig-count-2015-11-06

http://www.businessinsider.my/oil-companies-are-ditching-north-dakota-2015-11/

https://www.eff.org/deeplinks/2015/11/release-full-tpp-text-after-five-years-secrecy-confirms-threats-users-rights

The Fed needs to see one thing in Friday’s big jobs report: ‘further improvement’

http://www.businessinsider.my/october-jobs-report-preview-2015-11/

The month of December 2015 is critical for oil price

monitor these...
1. US Fed interest rate hike.
2. US Dollar index.
3. OPEC meeting.
4. US oil production
5. US east coast, light crude oil import from Africa nation instead of mid west.
6. US oil rig count.
7. China, ShangHai index, 2nd largest in the world market. (currently in the bull trend)

Just do some research before jumping into any conclusion if you invest in the oil and gas stock.

Have a good morning and invest wisely.

The Fed needs to see one thing in Friday’s big jobs report: ‘further improvement’

http://www.businessinsider.my/october-jobs-report-preview-2015-11/

@DickyMe,
http://oilprice.com/Energy/Energy-General/US-Dollar-Damaging-Hopes-Of-A-Rally-In-Oil.html

@DickyMe,
accidentally deleted.
Monitor the Brent price, not the WTI price(for US market).

http://www.investing.com/news/economic-indicators/u.s.-jobless-claims-post-largest-increase-since-february-369864

This might influence Fed decisions for postponing the interest rate hike till next year instead of this coming December. The interest rate is one of the main cause of price drop yesterday because Fed's Yellen mentioned of possible interest rate hike coming Dec.

Interest rate hike, increase the US Dollar Index.

Just a simple minded opinion.

http://oilprice.com/Energy/Energy-General/US-Dollar-Damaging-Hopes-Of-A-Rally-In-Oil.html

http://www.investing.com/news/economic-indicators/u.s.-jobless-claims-post-largest-increase-since-february-369864

This might influence Fed decisions for postponing the interest rate hike till next year instead of this coming December. The interest rate is one of the main cause of price drop yesterday because Fed's Yellen mentioned of possible interest rate hike coming Dec.

Interest rate hike, increase the US Dollar Index.

Just a simple minded opinion.

http://www.marketwatch.com/story/breakout-in-exxons-stock-a-bullish-sign-for-crude-oil-prices-2015-11-02

hmm! An interesting article to read.

http://www.marketwatch.com/story/what-short-sellers-mean-to-a-rally-in-oil-2015-11-02

KNM needs to break 0.535/0.540 The 1st wave height was 0.09. The ending of 5th wave will be 0.615. If break the 0.615 in near future, that is another story of life. Hmm! If not, that is another story or sorry. he he

So, coming Tuesday and Wednesday, will be an interesting day about the oil supply in US. And coming Friday will the rig count. Last Friday, rig count dropped.

Watch out for the US Dollar index. This might create ambiguity in the market.

Just a simple opinion. Like it, read it. Don't like it, just keep your opinion to your good self.
Life too short for stupid argument. "argumentum ad hominem"

Almost the end of 4th wave. Coming 5th wave will be about the same height of the 1st wave.

Date interest acquired 27 Oct 2015
No of securities 2,681,500
Circumstances by reason of which Securities Holder has interest
Acquisition of shares by EPF's portfolio manager
Total no of securities after change
Direct (units) 98,123,020
Direct (%) 5.06

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4907933

@Simon, that is a question I can't answer. Let say, if oil price drops and KNM get the Rapid project, will the KNM price goes up or down? This will be an interesting event to see. Don't you think so!

@food4less, xox, no clue... sorry.

... and US import of crude oil (from Nigeria) also increase....

Good night, that's all folks!

This coming Friday's midnight or early Saturday, look for oil rig count. If further drop, you can guess what will happen to the price.

http://www.bakerhughes.com/

Traders or investors are interested in Oil and Gas, oil's price up and down, depends on demand and supply. This evening price up is because of large drawn down on crude oil in US. Another factor is the US Dollar Index, drop maybe due to FED's interest rate hike may not happen for this year.

Just a simple observation.

....
Survival of the Fittest

In the end, it will come down to survival of the fittest. Players who have higher breakeven costs will be the ones who will blink first and thereby reduce their production levels. In the present scenario, the U.S. shale drillers, who have very high breakeven costs, are going out of business and we are already witnessing how U.S. production is falling every month since April. Still, oil prices remain below the $50 per barrel mark.

The ‘survival of the fittest’ also applies to Middle East oil producers, and especially to Saudi Arabia, the undisputed leader of OPEC. As widely reported by the media, the International Monetary Fund has warned that Saudi Arabia is now facing the possibility of going broke in the next five years, while the other Middle Eastern nations like the UAE, Kuwait and Qatar have foreign reserves that could last for almost twenty years. The desert kingdom is now facing a massive budget deficit of $36.8 billion according to its 2015 budget figures and is burning its foreign reserves at an alarming pace. Although Saudi Arabia is responding to this crisis by cutting spending, postponing several projects and by attracting foreign investment, is it doing enough to salvage the situation?

Many experts now believe that Saudi Arabia will eventually be compelled to cut its production levels as its rising budget deficit will leave the desert kingdom with no other option. And, with Saudi Arabia deciding to cut the production, we can expect oil prices to bounce back in the longer run. Until then, oil prices will continue to remain bearish and volatile. Although it is almost certain that OPEC will not change its strategy in its next meeting in Vienna, it is unlikely that it would maintain this stance for too much longer in 2016.

http://oilprice.com/Energy/Oil-Prices/How-Long-Can-OPEC-Hold-Out.html

yes. 6 figures on mother, wa and wb

What's goes up, it must comes down. What's goes down, it must goes down, oops, up!
When I look down, it still down.... wait, .... still can go up. No problem. he he!

KNM is not a producer for oil and gas. KNM bread and butter does not depends on oil and gas.

Just a simple humble opinion.

Machho, good news for KNM, bad news for me, no more funds to invest in KNM. Maxed out on all oil and gas counters. ;)

http://oilprice.com/Energy/Crude-Oil/US-Oil-Imports-On-The-Rise-Once-More.html

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4903709

Announcement
Subject OTHERS
Description

Letter of Award of EPCC Contract by Cypark Sdn Bhd to SHK Consortium (the consortium comprising of KNM Process Systems Sdn Bhd and Hitachi Zosen Corporation) amounting to approximately RM268.38 million

Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcement dated 28 August 2015 in relation to the SMART WTE System or Project.

Further to the Company’s announcement on 28 August 2015, the Company is pleased to inform that its wholly owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”) via “SHK Consortium” (being the Consortium formed between KNMPS and Hitachi Zosen Corporation of 7-89 Nanko-kita 1-chome, Suminoe-ku, Osaka 559-8559, Japan) have signed the definitive Contract Agreement on 26 October 2015 with Cypark Sdn Bhd (“Cypark”) - to undertake Engineering, Procurement, Construction and Commissioning (“EPCC”) works in respect of the Solid Waste Modular Advanced Recovery and Treatment Systems Waste Management Solutions (incorporating Waste-to-Energy Systems) at Ladang Tanah Merah, Negeri Sembilan, Malaysia (“SMART WTE System” or “Project”).

The total EPCC Contract Price of about RM268.38 million comprises the following:

(a) offshore portion for the EPCC Works in the sum of JPY3.8938 billion (equivalent to about RM135.38 million) only; and

(b) onshore portion of the EPCC Works in the sum of RM133.0 million only.

This announcement is dated 27 October 2015.

http://www.theedgemarkets.com/my/article/hlib-research-remains-neutral-og-sector

KUALA LUMPUR (Oct 23): Hong Leong Investment Bank Research is maintaining its "neutral" call on the oil and gas (O&G) sector, given Budget 2016's focus on ongoing projects undertaken by Petroliam Nasional Bhd (Petronas).

"As expected, there were no O&G mega projects or awards announcement during the budget," said HLIB Research's O&G analyst Jason Tan Yat Teng, in a note to clients today.

"The allocation of RM18 billion investment is in line with expectation, given the total investment of whole Refinery and Petrochemical Integrated Development Project (RAPID) in Pengerang, Johor is RM88.6 billion over five years," he added.

He noted that the RAPID project with total investment of RM69 billion, is expected to create more than 10,000 job opportunities.

"We expect to see continued contract newsflows on engineering, procurement, construction and commissioning (EPCC) subcontract jobs for refinery plants and EPCC packages for petrochemical complexes, liquid natural gas (LNG) regasification plant and associated facilities," he said.

Given Petronas’ continued effort to reduce capital expenditure (capex) and operating expenditure (opex), amidst the low oil price environment, Tan expects to see more jointly-owned and operate model to be awarded to service providers, to share the capex burden with Petronas.

According to Tan, the main beneficiaries are KNM Group Bhd (fundamental: 0.85; valuation: 1.7), Dialog Group Bhd (fundamental: 2.5; valuation: 1.1), Muhibbah Engineering (M) Bhd (fundamental: 1.1; valuation: 0.8) and Pantech Group Holdings Bhd (fundamental: 1.3; valuation: 2.4).

He added that downstream players such as Dialog, Petronas Chemical Group Bhd (fundamental: 2.1; valuation: 0.5) and Petronas Gas Bhd (fundamental: 3.0; valuation: 1.7), will be the long term beneficiaries.

In tabling Budget 2016 earlier, Prime Minister Datuk Seri Najib Razak had announced the Goods and Services Tax (GST) relief on the re-importation of equipment for oil and floating platforms that are temporarily exported for the purpose of rental and leasing.

Commenting on this, Tan said the supply related to upstream and downstream activities are still subject to GST at a standard rate of 6%, if they are supplied locally (including to offshore).

"Meanwhile, exportation of crude oil, condensate and gas, is zero rated. However, O&G service providers are able to claim input tax credit," he said.

Nevertheless, he said the move has a positive impact on the working capital changes.

Interesting...... every year buy back.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?company=7164&category=SB&sub_category=all&alphabetical=All

1 27 May 2015 KNM GROUP BERHAD Notice of Shares Buy Back by a Company Pursuant to Form 28A
2 22 May 2015 KNM GROUP BERHAD Notice of Shares Buy Back Immediate Announcement
3 09 Dec 2014 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
4 01 Dec 2014 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
5 11 Jun 2014 KNM GROUP BERHAD Notice of Shares Buy Back by a Company Pursuant to Form 28A
6 30 May 2014 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
7 10 Dec 2013 KNM GROUP BERHAD Notice of Shares Buy Back by a Company Pursuant to Form 28A
8 03 Dec 2013 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
9 18 Jun 2013 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
10 05 Jun 2013 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
11 05 Dec 2012 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
12 23 Nov 2012 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
13 13 Mar 2012 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
14 02 Mar 2012 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
15 05 Sep 2011 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
16 24 Aug 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
17 14 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
18 09 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
19 07 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
20 04 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
21 03 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
22 02 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
23 02 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
24 24 Feb 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
25 20 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
26 07 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
27 07 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
28 06 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
29 08 Jun 2010 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
30 01 Jun 2010 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
.........

7 ways your brain makes you a terrible investor
http://www.businessinsider.my/behavioral-finance-biases-investing-trading-2015-10/

U.S. oil output slide looms as shale firms hit productivity wall

http://finance.yahoo.com/news/u-oil-output-slide-looms-050837875.html?l=1

UPDATE 2-U.S. oil output on brink of "dramatic" decline, exec says
Tue Oct 6, 2015 5:31pm GMT

* World prices seen too low to support U.S. shale oil output

* Lack of bank financing seen for new shale developments

* Risk low production levels may cause price spike

* U.S. oil sector productivity improvements seen near limit (Recasts; adds U.S. production forecasts)

By Dmitry Zhdannikov and Ron Bousso

LONDON, Oct 6 (Reuters) - Oil executives warned on Tuesday of a "dramatic" decline in U.S. production that could pave the way for a future spike in prices if fuel demand increases.

Delegates at the Oil and Money conference in London, an annual gathering of senior industry officials, said world oil prices were now too low to support U.S. shale oil output, the biggest addition to world production over the last decade.

"We are about to see a pretty dramatic decline in U.S. production growth," the former head of oil firm EOG Resources Mark Papa, told the conference.

Papa, now a partner at U.S. energy investment firm Riverstone Holdings LLC, said U.S. oil production would stall this month and begin to decline from early next year. He said the main reason for the decline would be a lack of bank financing for new shale developments.

Official data show that nationwide U.S. output has already begun to decline after reaching a peak of 9.6 million barrels per day (bpd) in April, although production in some big shale patches, including North Dakota, has held steady thus far. The Energy Information Administration forecast on Tuesday that output would reach a low of around 8.6 million bpd next year.

Until this year, U.S. oil output was growing at the fastest rate on record, adding around 1 million bpd of new supply each year thanks to the introduction of new drilling techniques that have released oil and gas from shale formations.

But oil prices have almost halved in the last year on oversupply in a drop that deepened after the Organization of the Petroleum Exporting Countries in 2014 changed strategy to protect market share against higher-cost producers, rather than cut output to prop up prices as it had done in the past.

Benchmark Brent crude was up 5 percent, or $2.50 a barrel, at $51.75 on Tuesday as investors digested news from the London conference. It peaked in recent years above $115 a barrel in June 2014.

SPIKE

The chief executive of Royal Dutch Shell Plc agreed, saying U.S. oil producers would struggle to refinance while prices remained so low, leading to lower output in future.

"Producers are now looking for new cash to survive and they will probably struggle to get it," Ben van Beurden said.

Longer term, there was a risk that low levels of global production could bring a spike in oil prices, he said.

If prices remained low for a long time and oil production outside OPEC and the United States declined due to capital expenditure cuts, there was not likely to be any significant spare capacity left in the system, he said.

"This could cause prices to spike upwards, starting a new cycle of strong production growth in U.S. shale oil and subsequent volatility," van Beurden said.

Adam Sieminski, administrator at the U.S. Energy Information Administration, told reporters on the sidelines of the conference the U.S. oil industry had reacted to lower prices by improving its productivity.

But this process could not continue forever.

"Now we are seeing the limits at least in the near term and it is beginning to impact production," Sieminski said. "We see (U.S. oil production declines) continuing into next summer."

The Secretary-General of OPEC, Abdullah al-Badri, said oil supply growth from non-OPEC producers might be zero or negative in 2016 because of lower upstream investment.

But Papa said if U.S. light crude oil prices went back up to $75 a barrel, U.S. oil production would resume growth at around 500,000 bpd - or around half the record growth rates observed in the past few years.

"I see the United States as a long-term growth producer," he said. "If low oil prices prevail - then the correction in oil prices will be much more severe."

(Writing by Christopher Johnson; editing by David Evans and Christian Plumb)
...
http://af.reuters.com/article/energyOilNews/idAFL8N1263R420151006?sp=true

3 reasons why oil is back above $50
By Ivana Kottasova @ivanakottasova

So much for even cheaper gas!

World oil prices have charged higher this week, breaking back above the psychological barrier of $50 a barrel for the first time since July.

U.S. crude futures were trading two percent higher at $50.50 early on Friday.

As recently as last month some analysts were warning of a risk that prices would collapse to $20 a barrel. What's going on?

Here are three reasons for the bounce:

1. Geopolitical worries

Tensions in the Middle East, the biggest oil producing region, have pushed prices up.

Russia launched a military operation in Syria this week, marking the beginning of a new and closer cooperation between Moscow and the Syrian regime of President Bashar al-Assad. The West has criticized Russia for the move.

Investors are worried more violence in the region could impact production and transport. Reports of Russian cruise missiles falling short and landing in Iran haven't helped settle their nerves.
oil friday

2. Dovish Fed minutes

Minutes of the most recent Federal Reserve meeting released Thursday showed the central bank is not in a rush to raise U.S. interest rates. The minutes weighed on the dollar -- it was down 0.75% against the euro on Friday -- which in turn supported global oil prices.

Oil and other commodities are priced in dollars, so a weaker dollar makes them more affordable meaning prices can rise to compensate.

3. Falling U.S. production

The U.S. Energy Information Administration said U.S. crude oil production declined by 120,000 barrels per day in September compared with August.

It said U.S. production will continue declining until the middle of next year, before growth returns in late 2016. The agency also said it expects global demand for oil in 2016 to grow at its fastest in six years -- that's also good for prices.

Related: Cracks emerge in U.S. oil boom

Oil has been under pressure in recent months, having crashed more than 50% since last summer. Prices fell to their lowest level in six and half years in August, trading below $42 a barrel.

This week's rally has sparked hope that the market may have finally turned, but some analysts are still cautious.

"We do think that the price of oil will struggle to stay above the $60 level as this will bring on all the rigs which were switched off," said Naeem Aslam, chief market analyst at Avatrade.
....
http://money.cnn.com/2015/10/09/news/economy/oil-prices-above-50-dollars/index.html?section=money_markets

WASHINGTON (AP) — Defying a White House veto threat, the Republican-controlled House on Friday approved a bill to lift a 40-year-old U.S. ban on crude oil exports.

The House approved the bill on a 261-159 vote. Supporters said an ongoing boom in oil and gas drilling has made the 1970s-era restrictions obsolete. Lifting the export ban would lower prices at the pump, create jobs and boost the economy, said House Speaker John Boehner.

"In my view, America's energy boom has the potential to reset the economic foundation of our economy and improve our standing around the world," Boehner said.

Rep. Fred Upton chairman of the House Energy and Commerce Committee, said times have changed and that U.S. policy should embrace a new reality of energy abundance.

While the Obama administration "claims to support an all-of-the-above energy policy, their actions don't match the rhetoric," Upton said.

The White House called the bill unnecessary and argued that a decision on whether to end the ban should be made by the Commerce secretary.

Opponents said the bill would mainly benefit big oil companies.

"This bill is an unconscionable giveaway to Big Oil at the expense of American consumers," said Rep. Kathy Castor, a Florida Democrat.

Selling U.S. oil to foreign markets will result in higher gas prices at the pump and ultimately benefit China and other economic rivals, Castor said.

Rep. Jan Schakowsky, an Illinois Democrat, said the bill is not needed as long as U.S. continues to import millions of barrels of oil every day.

"Every barrel exported by this bill will have to be replaced by a barrel of imported oil," she said.

The measure now goes to the Senate, where its fate is uncertain.

....
http://www.pennenergy.com/articles/pennenergy/2015/10/house-oks-lifting-40-year-old-u-s-ban-on-oil-exports.html

This Week In Energy: Can This Current Rally Last?
By Evan Kelly Posted on Fri, 09 October 2015 19:48 | 0

After weeks of floundering in the mid-$40s per barrel, a new rally for crude oil got underway this week. WTI jumped to $50 per barrel and Brent is now over $53 per barrel. There are several reasons behind the rally, some of which we have touched on before. U.S. oil production is declining, despite confusing weekly data from the EIA that sometimes suggests otherwise. The rig count fell sharply last week, which underpinned the notion that the sector is contracting.

This week, a few more bullish developments surfaced. One was a sudden weakness in the U.S. dollar. After minutes were released from the latest Fed meeting, global financial markets saw hesitation on the behalf of the central bank to raise interest rates. The possibility that the Fed might hold off pushed down the dollar, which tends to push up the price of crude.

Related: Does This Offhand Gov't Comment Signal A Big Oil Opportunity?

Another reason oil prices are rising is the escalating conflict in the Middle East. Russia’s airstrikes in Syria are raising concerns about a worsening conflict. It is hard to imagine that the war in Syria, now more than four years old, could possibly get worse. However, Russia’s intervention adds even more complexity and potential for deterioration. The U.S. military is dramatically scaling back its assistance to Syrian rebels after the multiyear effort has proved to be an utter failure. The move is also being made with an acknowledgment about the seriousness of Russia’s intervention. Privately, the Obama administration believes that Russia will get itself bogged down in a conflict that has no viable solution at this point. In any event, it has been a while since geopolitical conflict has slapped a risk premium on the price of crude oil, but Russia’s actions appear to be doing just that.
...
http://oilprice.com/Energy/Energy-General/This-Week-In-Energy-Can-This-Current-Rally-Last.html

Oil Prices Today Could See Biggest Weekly Rise Since 2009

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 • October 9, 2015

Oil prices today (Friday) moved higher following yesterday's FOMC minutes release and the ongoing Syrian conflict. Today's rise puts oil prices on track for the biggest weekly gain in more than six years.
oil prices 10/09/15WTI Crude Oil Prices Today

At 9:40 a.m., WTI crude oil prices were up 1.2% to $50.04 a barrel, it's highest level in two months. The U.S. benchmark has soared 9.9% this week and could see its largest weekly rise since 2009.

West Texas Intermediate (WTI) is the oil price benchmark for the New York Mercantile Exchange. WTI is considered "sweet" crude because it contains 0.24% sulfur.
Brent Crude Oil Prices Today

Brent crude oil prices today gained less than their U.S. counterpart. They were up 0.02% and trading at $53.39 a barrel. The international benchmark is up 9.4% this week and 8.8% this month.

Brent crude is the international price benchmark. It's considered "light" crude because of its low density and sulfur content.

Here's why oil prices are surging to a six-year high…
Two Reasons Why Oil Prices Today Are Climbing

The boost in oil prices today came after the U.S. Federal Reserve released minutes from last month's meeting. The FOMC meeting minutes showed that the majority of policymakers agreed to keep interest rates near zero. Chairwoman Janet Yellen cited a global economic slowdown, low U.S. inflation, and market volatility as reasons for not hiking rates.

"With a slowdown in both the U.S. and the global scene, the U.S. Federal Reserve seems to be growing more dovish," said Daniel Ang, analyst at Phillip Futures, to The Wall Street Journal. "Oil prices gain support as a result of a weaker U.S. dollar strength as this makes USD-denoted oil cheaper."

Russia's involvement in the Syrian civil war has also supported oil prices. On Wednesday, Russia launched military airstrikes against rebels trying to oust Syrian President Assad. The conflict interrupts oil transports in the region, which increases global demand.

But Russia is involved in another conflict that has big implications for the future of oil prices…

http://moneymorning.com/tag/oil-prices/

KNM needs to break the MA of 200 or 0.585

@Parttimetrader
http://www.investopedia.com/university/technical/techanalysis9.asp

To trade or invest in the share market, moving average is the minimum requirement of understanding from a chart before you invest to the share market and making a decision of buying or selling.

Hope it helps.

price above the moving average 21, 50, and 144. MA of 200 almost there within reach, 0.585
if you understand moving average, you know what to do.

KNM-WA, some one is collect like nobody business at 0.120. Not easy to break.

Hong Leong TP of 0.67 is good number. Today, KNM needs to break the 0.575 or higher. If today, oil rig count drops again, Monday will break the 0.60. If not, life still needs to goes on.

EPF already ceased from KNM since 29/09/2015. Now, foreign fund are buying as was told by ....

As of 11:11am Buyer Vol=524,783 Seller Vol=458,141
Buyer buy from seller
Seller sell to buyer
Buy 53%
1mil exchanged and still maintaining at 0.555
Not bad.

knm, i did a check on the peak and bollinger band for the past historical data, I will maintain buy and hold for knm.

This is just my observation. The risk is yours if decide to accept the challenge. ;)