86868, have you look at the http://klse.i3investor.com/blogs/nomanland/63240.jsp
What is your opinion?

By looking at the chart formation on 10/07/14, 30/07/14, and 11/08/14 compared with 04/11/14, possible an up movement will occur. Just my opinion. Cheers.

YkJohn11, have a look at http://klse.i3investor.com/blogs/nomanland/63240.jsp
And analyze it. Hope it help.

Chart #6 (last) The Zig Zag (blue colour) subject to change each day. 04/11/2014 look like up. If tomorrow, price up, that will be another question!

Purple colour curve, Time Series Forecast

Chart #3 "my Elliot Wave Signals" (Red Colour) like a heart beat, when signal UP /\--- , DOWN \/---, when /\/\/-- complex movement(need to be careful).

Just upload new chart.

http://klse.i3investor.com/blogs/nomanland/63240.jsp

Any comment are welcome.

The Contrarian (Sociopathic) Mindset
http://finance.yahoo.com/tumblr/blog-the-contrarian-sociopathic-mindset-201058935.html

Why the floor is in for oil: Top analyst

http://finance.yahoo.com/blogs/talking-numbers/why-the-floor-is-in-for-oil--top-analyst-222455878.html

http://finance.yahoo.com/news/historic-market-rebound-leaves-fund-managers-in-the-dust-124432993.html

@Ring, the QR date 11/18/2014, confirmed or estimated?

Interest oil price chart

http://c3352932.r32.cf0.rackcdn.com/comments_images/141502098484986.jpg

20th August 2014 max climate reached. Need to rest. Now, up, down, up, down, side way, and up, down...speeding up, and view the mountain, hill, and valley. visit wet land and hunting in the bushes. Again, up down up down, climate still not yet change. But momentum is there... soon will reach the G junction. Cheers!

Warren Buffett: Markets are like sex.
...
Mr Buffett added: “A bull market is like sex. It feels best just before it ends.”

He advised investors to “keep things simple” by “accumulating shares over a long period, and never sell when the news is bad and stocks are well off their highs”.

http://www.telegraph.co.uk/finance/personalfinance/investing/10663442/Warren-Buffett-Markets-are-like-sex.html

Overall, this is called investment. There are ups and downs. /\/\/\/\/\/\/\/\/\/\/\ Can't take the heat, fixed deposit or unit trust is also another investment. Ah! Licensed loan shark also another investment, when can't get the profit, beat the heck out of that borrower. Cheers!

Those sell queue at 355 or higher are forcing other sellers to sell lower or force the buyers to buy higher! JAT

Ascending Triangle. Need to break 0.360 resistance.
Resistance 3 0.368
Resistance 2 0.362
Resistance 1 0.353
CLOSE 0.345
Pivot 0.347
Support 1 0.338
Support 2 0.332
Support 3 0.323

@beruangemas2, your conclusion is down. Not my conclusion. Based on those news I read, technical and wave analysis, well, still an uptrend. Next week will be a good week.

Have a good night to you.

Overall, why worry. Enough of reading for tonight. Cheers and good night. ;)

Why Oil Prices Are About To Settle
...
It is interesting then that a prominent Saudi oil official was talking up the price this weekend according to this report in the financial times. The drop in oil prices really gained ground a couple of weeks ago when the Saudi government said that they weren’t going to act to cut production and bolster prices, so any suggestion of a turnaround is significant. Their attitude is understandable. They have a very low cost of production for their abundant oil, so allowing prices to fall as a lesson to America and other upstart frackers makes perfect sense, but there is a limit.

Saudi Arabia and many other major OPEC producers face a problem. The actual cost of extracting oil may be low, but that doesn’t mean that they would be happy with oil at say $50 per barrel. They need prices to remain somewhat elevated to pay for massive social programs that oil revenues fund. The “Arab Spring” showed what can happen if a populace is unhappy, even in what looked before like a relatively stable nation ruled by one party or family, so massive cuts in these programs are not an option.
...
An IMF Gulf Cooperation Council report from October of last year indicates that at their baseline price of just over $80 per barrel in 2018 the budget of Saudi Arabia would be balanced.

Anything below that and the country would be in deficit, meaning that some of those social programs essential to preserving stability would be in danger.

Of course it could be that the global economy, and therefore demand for oil will collapse completely and no amount of production cuts by Saudi Arabia and other OPEC nations will make any difference, but that looks unlikely. It is far more likely that things will stabilize and, faced with cuts to social programs that they cannot afford to make, Saudi Arabia will lead the call for OPEC production cuts. That won’t be enough to drive oil back up to over $100 in a hurry, but it should stop the freefall.

http://oilprice.com/Energy/Oil-Prices/Why-Oil-Prices-Are-About-To-Settle.html

...
The oversupply is due mainly to two things more production is coming from OPEC members despite the security and political instability plaguing some of OPEC countries, while the other is coming from a new source: that is the US and its fracturing technology that managed to raise US domestic production of oil and gas to its highest level in 28 years.
There are some reports to suggest that by the end of this month total US domestic production of oil and liquids will place the US is the biggest producer ahead of both the Kingdom and Russia.
This represents a qualitative shift that was made possible by the price of oil exceeding $80 a barrel, which was seen as a reasonable price that allows for making fracturing commercially viable.
According to this calculation even the US will be hurt if the oil price is to drop below $70 a barrel and may see its shale oil bonanza comes to an end. If history is any guide, one of those who urged Riyadh to call off the oil price war back in 1986 came from the US, who saw that many of its oil producing states had suffered by the steep drop then of oil prices.
...
http://www.arabnews.com/columns/news/649766

The ‘politics’ behind oil price fall

It is no longer a issue of whispering in the corridors of the oil industry. It is now part of public debate. Is Saudi Arabia launching an oil price war in tandem with the US to undermine or at least weaken energy dependent adversaries Russia and Iran?
The latest to join this discussion is the notable New York Times columnist Thomas Friedman, who wrote on Oct. 14 under the headline “Pump War?”
“One can’t say for sure whether the American-Saudi oil alliance is deliberate or a coincidence of interests, but, if it is explicit, then clearly we’re trying to do to President Vladimir Putin of Russia and Iran’s supreme leader, Ayatollah Ali Khamenei, exactly what the American and Saudi Arabia did to the last leaders of the Soviet Union: pump them to death — bankrupt them by bringing down the price of oil.”
...
http://www.arabnews.com/columns/news/649766

Who and What Is Causing the Decline in Oil Prices, and Where Will It Lead?

http://en.ria.ru/analysis/20141028/194718621/Who-and-What-is-Causing-the-Decline-in-Oil-Prices-and-Where-Will.html

Glotec's supporter, have a look the Annual reports, and technical chart.

An Interesting article to read and think....

Oil Price History and Analysis
http://www.wtrg.com/prices.htm

POLL-Biggest oil price forecast cut since financial crisis-Reuters poll

Oct 30 (Reuters) - Consumers can expect at least another two years of low oil prices, a Reuters poll showed on Thursday, recording its biggest downgrade to forecasts since the global economic crisis.

Oil prices have dropped by a quarter since June, taking benchmark North Sea Brent crude oil down to around $87 a barrel as overproduction and lacklustre demand have filled stockpiles around the world.

A massive increase in high quality oil production from North American shale has swamped demand at a time of sluggish economic growth and analysts say the glut could last for years.
...

http://in.reuters.com/article/2014/10/30/oil-prices-idINL5N0SO23D20141030

Tokyo Thrills the Global Stock Markets

A new, so-called thriller called The Directive concocts a tale of stealing the Federal Reserve’s policy directive before its release to gain a market advantage. A Japanese version might work better.

After the Fed did what virtually everybody expected by announcing the end of its bond-purchase program, the Bank of Japan stunned the financial world on Friday by sharply ramping up its own version of the scheme, adding to its purchases of bonds and stocks, while that nation’s pension fund said that it would shift its portfolio holdings away from bonds and toward stocks.

With the BOJ picking up the money-printing baton handed off by the Fed, stocks soared around the globe, ....

http://online.barrons.com/articles/barrons-up-down-wall-street-tokyo-thrills-the-global-stock-markets-1414812039

The Timeless Allure of Stock-Market Timers

Twelve days ago, as the broader U.S. stock market was in the midst of its first sharp decline in years, popular newsletter editor Dennis Gartman appeared on a CNBC show and advised viewers to prepare for a bear market.

“You stay in cash and you stay in short-term bonds and you don’t move out,” Gartman advised viewers before adding “this is the start of a bear market, and it could last for several more months I’m afraid.”

But stocks quickly turned around and began to move toward the heights last seen in September. A chastened Gartman admitted late last week on another CNBC show that his bear-market call was all wrong. However, he’s still not willing to go long, instead maintaining a “neutral” position on the market as a whole, according to a CNBC.com report on Gartman’s rapid change of heart.
.....
http://online.barrons.com/articles/the-timeless-allure-of-stock-market-timers-1414533327

Wall Street: Stock market closes at all-time high after wild and crazy month
...
But just after the market came close to going into a correction, it bounced right back. Strong U.S. corporate earnings were the primary driver of the rebound as well as signs that central banks in Japan and Europe were going to do all they could to stop their economies from dragging everyone else down with them.

"I don't think it's a surprise that we came close to a correction. We've been expecting one for a while. I think the bigger surprise has been how we rip-roared all the way back up," said Bob Doll, chief equity strategist at Nuveen Asset Management. "When you hit someone over their head with a hammer, you don't expect them to get up immediately."

U.S. companies have been, for the most part, reporting strong quarterly results the last two weeks. Corporate profits are up 7.3 percent from a year ago, according to FactSet, compared with the 4.5 percent investors had expected at the beginning of the month. And any worries about the U.S. economy earlier in the month evaporated as the data rolled in, mostly recently Thursday's data showing the U.S. economy grew at a 3.5 percent pace last quarter.
...

http://www.masslive.com/business-news/index.ssf/2014/10/wall_street_stock_market_closes_at_all-t.html

makemoneynow. Debt free, worry free, problem free, free money, and free sex. Bettter! ;)

Even better if share price goes up 0.005 cent everyday.

Resistance 3=0.705
Resistance 2=0.665
Resistance 1=0.640
Close = 0.615
Support 1 = 0.575
Support 2 = 0.535
Support 3 = 0.510

and ... chart #2 my System trade signal(black colour) appeared at 1.0(confirm up)

@pdtan, just tested your IF....
Open/high/low/close/vol
11/03/2014 0.34500 0.38500 0.34500 0.38500 200,000,000
11/04/2014 0.38500 0.38500 0.36500 0.36500 200,000,000

The top 4 charts remain as it and improved. As for other indicator signals, uptrend.
This is not a buy or sell call.

Now, really Good night :)

Broad rally lifts Wall St. to record as BoJ bumps up stimulus
....
he BoJ's board voted 5-4 to accelerate purchases of Japanese government bonds while tripling its purchases of exchange-traded funds and real-estate investment trusts.

At the same time, Japan's $1.2 trillion Government Pension Investment Fund announced new allocations for its portfolio, raising its holdings of domestic and foreign stock holdings to 25 percent each from 12 percent.

"It's not just the (BoJ) easing but the asset allocation from the pension plan is of course also helpful," said Paul Zemsky, chief investment officer of multi-asset strategies and solutions at Voya Investment Management in New York.

"Economic growth (in the United States) is looking pretty good, earnings are good. ... We will end the year certainly closer to 2,100 than 2,000 on the S&P 500," he added.
...

http://www.reuters.com/article/2014/10/31/us-markets-stocks-idUSKBN0IK11E20141031

Stocks in record territory as Japan index leaps

U.S. stocks are in record territory Friday, erasing big losses from the early-October swoon, as investors cheer huge and surprising moves by Japan to add more stimulus to its ailing economy.

Japan's Nikkei 225 took a super-sized 4.8% leap.

As of noon ET, the Dow Jones industrial average is up 1%, the S&P 500 is climbing 1% and the Nasdaq is 1.2% higher.

http://www.usatoday.com/story/money/markets/2014/10/31/stocks-friday/18231071/

Exxon Mobil and Chevron Report Strong Earnings Despite Fall in Oil Prices

HOUSTON — Exxon Mobil and Chevron, the two largest American oil companies, reported surprisingly strong quarterly earnings on Friday. Despite the fall in oil prices, they had strong profits from their refining businesses.

Oil and gas companies have reported mixed quarterly results in recent days after a period in which crude oil fell as much as 25 percent as global energy demand slowed.

Exxon and Chevron had lower earnings from oil production, but the two companies were able to compensate. Their refineries and chemical businesses were able to bolster their margins because of lower oil and gas input prices.

http://www.nytimes.com/2014/11/01/business/energy-environment/exxon-mobil-and-chevron-report-3Q-earnings.html?_r=0

When all share their analysis, we all can benefit. Each have their weakness, and strong point. So, no one is right or wrong. At least, we all can prevent or ready for another 20/8.

Because of 20/8, I hope the chart I published can get some feed back, where all can identify the turning point, trend, or what ever.

Good night and have a good weekend.

musashi69, your feedback at at http://klse.i3investor.com/blogs/nomanland/63005.jsp will be good. Good or bad comment are welcome.

musashi69, I will be monitoring using my current toolkit and will post new chart when possible or any movement on the chart that I think is relevant to all to see.

musashi69, Sumatec is getting interesting when I start to go deep into the chart. I am waiting for the #2 and #3 for the next wave(down). #1, #4, #5, and #6 are use as confirmation.

musashi69, yes MS11.
Charts
1. Polarized Fractal Efficiency
2. my System trade signal, my Elliot Oscillator test
3. my Elliot Wave Signals, my Elliot Wave Count
4. my Schaff Trend Cycle Oscillator
5. Fisher Transformation Indicator
6. Zig Zag, TRIX, Time Series Forecast

The above are for one mwv file.
What do you think the chart I generated at http://klse.i3investor.com/blogs/nomanland/63005.jsp

I just noticed, Zig Zag pattern on June-July, similar to mid-October pattern. Hmm! Interesting! ;)

Azlina, latest 31/10/14 chart
http://klse.i3investor.com/blogs/nomanland/63005.jsp

Good or bad? My own interpretation, look like 1st wave up. As for 2nd wave, I am waiting. ;)

Latest chart at http://klse.i3investor.com/blogs/nomanland/63005.jsp

Recent developments threaten to undermine that momentum, however. New supply and weak demand is pushing down oil prices globally, threatening to make costly US shale extraction uneconomic. Limited pipeline capacity and overproduction of natural gas in the Marcellus shale has pushed prices down, making it hard for producers to turn a profit. Drillers are taking on ever increasing amounts of debt to finance their operations. And there may not be as much shale oil and gas as the US government forecasts, according to a new report from the Post Carbon Institute, a California-based think tank that promotes sustainable energy.

http://www.csmonitor.com/Environment/Energy-Voices/2014/1030/Is-the-US-oil-boom-in-trouble

Caveman, I am monitoring the chart movement and news closely. Any signal that don't meet my expectation, I am out. At present, my wave signal still on 1st wave.

@Ring, don't worry. You ain't alone here. I was trapped and have to sell all. Recoup at other counter. Now, buy back time. This time no more nonsense. Thinking of it, my average even lower!!! Cheer bro.

China is snapping up unusually high amounts of crude oil as global prices hit their lowest level in years, Wall Street Journal reported Monday. The buying spree could boost the weak international demand for oil, which has helped to push down prices by more than 25 percent over the past five months, analysts say.

A unit of state-run China National Petroleum Corp. has purchased 36 cargos of crude oil in the open market so far in October, Singapore traders told WSJ. The oil haul, equal to about 18 million barrels of crude, is the country’s largest purchase in a single month and hails primarily from Oman and the United Arab Emirates.

The crude is thought to be destined for China’s emergency oil stores, which the country could tap during a crisis to produce transportation fuels like gasoline and diesel. China’s current thirst for oil, meanwhile, remains low, with demand growing at its slowest rate since 1990, WSJ noted.

http://www.ibtimes.com/china-goes-crude-oil-buying-spree-global-prices-tumble-85-barrel-1713830

OPEC Says Shale Drillers First Affected by Oil-Price Drop
Shale oil drillers will be hurt by the fall in crude prices before members of OPEC because their costs are higher, according to the group’s Secretary-General.

As much as 50 percent of tight oil output will be “out of the market” at current prices, while the Organization of Petroleum Exporting Countries is not in a critical situation, Abdalla El-Badri said at the Oil & Money conference in London today.

“First of all, will be the tight oil” affected by the drop in prices, El-Badri said. “If prices stay at $85, we will see a lot of investment, a lot of projects, a lot of oil going out of the market.”

http://www.bloomberg.com/news/2014-10-29/opec-says-shale-drillers-first-affected-by-oil-price-drop.html

U.S. Crude Oil Inventories 2.061M vs. 3.371M forecast

http://www.investing.com/news/economic-indicators/u.s.-crude-oil-inventories-2.061m-vs.-3.371m-forecast-314669