the chartists have been saying for the last few days... a big triangle formed, about to "drop into an abyss..."

will see what happens with rig count later.

BREAKING: US oil rig count rises by 14 to 371; 4th straight weekly increase: Baker Hughes

bull is strong....still.....

stocks strong, usd strong.

only oil weak, very weak.

next stop 43.70...

already touched that last session.

i think 43.0 is next.

Today i ran into some problems trying to fund my broker account in USA.
The Maybank (over the counter) told me that i cant send funds overseas for foreign investment purpose without Bank negara approval. They said i need necessary documents, such as S&P and Stamped documents such as offer letter from the foreign investment entity.

I just want to wire 2500 USD from my foreign currency account to my USA broker account. But they wont allow.

I looked at Bank negara FAQ, http://www.bnm.gov.my/microsites/fxadmin/n...1_Residents.pdf
no mention of restriction

Anyone encounter this before?

yes, been hearing this.

some people reported same recently, post #189:

https://forum.lowyat.net/topic/3396549/+180

now approaching 43.70....
if broke 43.44, next stop 42.64

This post has been edited by yok70: Jul 25 2016, 05:33 PM

get ready for 43 tonight.

43.44 already hit! hmm.....

Lookis like an evening of reckoning of 'truth' n fundamentals. Time to sell crude.

no fires, no strikes, no opec talk, no production cuts.

not even slightest positive news.

excess gasoline, excess diesel.

not only crude but refined products too are in a glut.

the bulls are getting off.

long positions reducing by the day.

This post has been edited by AVFAN: Jul 25 2016, 09:31 PM

Tempted to sell but scared to get caught in the 43-45 range movement.

next stop 42.60....

the way the diarrhea is going, 42 will be quite soon.

bear looks strong this round....looking to break down 40 even....

there is pretty good support at 43.

but i doubt it will hold.

will see it 45 mins.

I'm going to put a bid at 42.50 or lower here.. if it happens tonight.
Hopefully, it will dive down to that level.. heck even 41.xx also ok.

Wow... such more paperwork for just $2500 ??

Funny, it not even million or tens of thousands, perhaps now BNM is too zealous or nervous, and they're putting in all sorts of bureaucracy to discourage money transfer out from the country.

It must be after that Money-Laundering fiasco by you-know-who.

Just tell them it is "donation"...