same story, crude rushes to make gains. realy tempted to get few before it shoots to 50+ !!!

something went wrong n crude is dropping like a stone in past minuted ??? !!!

biught few uwto, 35.1. wish me luck.

buy a bit more, 35.1
day trading only

Dollar spiking again..hence, crude retreating a bit.

I usually look at the Dollar as the leading indicator for Crude and Crude as leading indicator for Energy stocks.
After Yellen speech, immediately, dollar spikes, crude tanks, followed by energy and the general market.
Then, the next day, after Asian market finished, crude already traded down, market gapped down. Such gaps usually followed by gap filled (to cover) by the institutional who has short positions, the bargain buyers also came in to position themselves.

This post has been edited by danmooncake: May 20 2016, 11:09 PM

agree. i was losing 1 dollar earlier, now profiting! omg...what a trade.

neutral/good news for oil bulls?

i guess will try 50 again next week.

Today is a very weird day. Dollar up, Oil down (which is normal) but Energy stocks up and general market is up too.


Maybe is 'bcoz Friday option expiration, strange price movement...

This post has been edited by danmooncake: May 21 2016, 05:23 AM

Short covering kua

I read that if we invest in US stocks, dividends are subject to 30% tax. Isn't it less attractive compared to local stocks?

For individual stocks this is the case - for index funds / ETFs we can use products domiciled elsewhere with agreement to reduce this to 15% (which Ireland domiciled)

Trading on the US market can't really be compared to local Bursa - better liquidity, bigger choice, lower fees etc.

If you're investing locally in products (eg UT) which have US stocks as underlying assets the dividend withholding tax will be paid somewhere also.

dunno what to make out of this...

sold all aapl $97
... now rest from markets

good luck everyone....

Over supply continues....

I also saw this article..
http://www.zerohedge.com/news/2016-05-20/s...coast-singapore

The map on the numbers of oil tankers floating standby in Singapore is really amazing.

like that also can go near 50.....bull bull don't play play lah....

I think the bulls are teasing us.. they kept going and going and pushing.. we're almost at the edge of the cliff here.
Sooner or later, the whole flock may just jump down.

the situation is probably the same in amsterdam and other major oil terminals.

well, can say there is a physical crude bubble getting bigger and bigger.

traders want to stock, vessels want to rent out, insurance cos. want premium, the banks willing to lend... everyone's happy.

until oil price goes up to a good level.

or one of them in the chain breaks.

then, they will be giving every household a barrel for free.



only the upstream side has suffered, mostly.

downstream logistics, trading and refining has not.

if and when it comes, it can be devastating.

This post has been edited by AVFAN: May 24 2016, 11:55 AM

it won't be pretty if the oil bubble breaks.
it will definitely threaten world economy in a big way....hopefully short term effect instead of another round of recession....

but... there will be fires, strikes, terror...

Live: Union says all of France's oil refineries on strike

so, it seems crude bulls are back charging after pauses fir 2 days?
buy at open....