mayb u should look at the transaction , all those highest just very little lot, it hits n come down again now only 34.5/35, i think afternoon will abit cautious people will wait for the fed interest rate decision
KUALA LUMPUR (Sept 21): The last three trading days in the last week, could be a turning point for Bursa, according to MIDF Research, as investors classified as “foreign” turned net buyers of equity listed in the open market on Bursa.
In his weekly fund flow today, MIDF Research head Zulkifli Hamzah said the amount mopped up was RM685.0 million
Oil Speculators Most Bullish in Two Months as OPEC Calls for $80 Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months as OPEC called for a return to $80 crude. Money managers’ net-long position in West Texas Intermediate rose by 14,821 contracts to 147,678 futures and options in the week ended Sept. 15, according to data from the Commodity Futures Trading Commission. That’s the highest level since July 7. The Organization of Petroleum Exporting Countries expects crude prices to rise to $80 by 2020 as output falls elsewhere. U.S. production could sink by the most in 27 years in 2016 as the price rout extends a slump in drilling. Speculators closed out short positions two days before the Federal Reserve decided not to raise key U.S. interest rates. “The market’s not as oversupplied as we think it is,” David Pursell, a managing director at investment bank Tudor Pickering Holt & Co. in Houston, said in a phone interview. "The news out of OPEC is more bullish, U.S. production is falling and demand is great right now." The U.S. benchmark oil contract fell 2.9 percent in the report week to $44.59 a barrel on the New York Mercantile Exchange. The contract settled at $44.68 Friday.... http://www.bloomberg.com/news/articles/2015-09-20/oil-speculators-most-bullish-in-two-months-as-opec-calls-for-80
Oil is like tat lah today up n tomorrow down! Best is wait till next ur see Iran production will slam the market totally boh, then take a position lah!
look likely stangnant or drop 0.05sen, market sentiment really bad , chinese pmi only 47 instead of 47.5 , mean slow down in china market not good support for oil price
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
albertwarrior
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Posted by albertwarrior > 2015-09-15 07:27 | Report Abuse
http://www.cnbc.com/2015/09/13/oil-prices-steady-after-us-drilling-cut-but-oversupply-still-weighs.html