Oil down after Saudi Arabia slashes crude price 5 DECEMBER 2014 @ 12:12 PM SINGAPORE: Oil fell in Asia on Friday after major producer Saudi Arabia slashed the price of the crude that it sells to Asia and the United States, analysts said.
US benchmark West Texas Intermediate (WTI) for January delivery tumbled 31 cents to US$66.50 a barrel in late-morning trade and Brent crude for January dropped 38 cents to US$69.26.
"Saudi Arabia has just cut the price of the oil it sells to Asia and the US and this is going to have a big effect on the market today and early next week," said Daniel Ang, an investment analyst at Phillip Futures in Singapore.
1. Malaysia Oct export data -3.7%, 2. Saudi cut oil price on last friday, 3. US employment rate for non-agriculture better will had bad effect on RM according sinchew news 4.And if US increase their interest rate suddenly, our RM will drop futher Buy at own risk
Support will be cracking anytime..break 1740 index will be surfing down 1720..if ringgit depreciated further..foreign investors will exit dramatically...
guys just wondering [1880-1741.71 (Current Index)] /667 = 0.2073. 0.255(Last Price)-0.2073 = 0.0477 premium. What doest this premium means? Means I earn 4 cents if I exercise this put option? Thanks
ur hb cash value will breakeven when index=1880-0.255x667=1709. So , as long as on 31 july 2015(maturity date), the index is below 1709 u will not lose......
oil making low. ..tomorrow KLCI also will making low .
Oil is expecting to move more lower below the nearest support at USD63,70 after breakdown channel .Any rebound and break above USD69.70 suggest rebound and upside potential.
Disclaimed :This is not a buy or sell call but just for ''Reference Only ''.Gila Saham is not responsible for any lost or misinformation and trade at your own risk
if US market turn weak..real bull is coming..we will hit hard again. if US increase interest rate, we will hit hard again. if WTI oil drop to 60 USD, we will hit hard again.
our only hope is others country market goreng too high and make us look very cheap to buy and invest..
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....
KJ Cheah
558 posts
Posted by KJ Cheah > 2014-12-05 15:55 | Report Abuse
yes 4pm we will know the trend