oil bears are the strongest bears around for now...

Malaysia's clogged oil shipping lanes underscore failure to reduce glut
http://www.reuters.com/article/us-malaysia...c-idUSKBN18107J

Both benchmarks trimmed losses after Saudi Arabia's OPEC Governor Adeeb Al-Aama told Reuters OPEC and non-OPEC nations were close to agreeing a deal on supply cuts.

"Based on today's data, there's a growing conviction that a six-month extension may be needed to rebalance the market, but the length of the extension is not firm yet," the Saudi official said.

OPEC sources said on Thursday OPEC was likely to extend cuts when it meets on May 25 but said a deeper cut was unlikely. OPEC and non-OPEC states initially agreed to cut 1.8 million barrels per day (bpd) in the first six months of 2017.

Brent traded volumes on Thursday reached an all-time high of nearly 542,000 contracts suggesting hedge funds had accelerated cuts in their long positions.

"It is now-or-never for oil bulls," said U.S. commodity analysis firm The Schork Report. "They either put up a defense here or risk further emboldening the bears for a run at the $40 threshold (for WTI)."

Hey guys, Oil (WTI) spiked after Opec and Russian agreed on continued production cuts till next year..
now back to to the higher end of 45-49 range.

It may go higher but I'm taking some profits here. Leave a bit on the table and see how high it can go.
May rebuy back in if it can fill back that gap at 47.xx

If it can continue to break that $50 ceiling, then will be more bullish, more to add later.

Last week, more rigs added. It's putting an anchor to the price.

rebounding? could you just broke that 2350? 

hi, i am a newbie here, interactive broker is charging usd10 permonth if without activities, may i know how much initial money needed to startup an investment in stock market?

cuz usd10 x 12 = usd120= myr 520

ib minimum deposit for below 25yrs old is ard myr13000

lets say i'm lucky enuf to get 20% return per year.

13,000 x 20% = 2600

520/2600 x 100% = 20%

20 percent of my return will be given to ib, do you think this is a great deal?

how much money do u guys think u need to have before starting an investment?

i am just a fresh graduate... just started working not even a month yet...

Opec is going to announce their decision tomorrow.
I think at $51-$52, it may be all baked in..

Are we ready to sell into this? 

Possible DWT play... 

OPEC extends production cuts by 9 months: Delegate 
2 Hours Ago | 03:29

Oil prices fell sharply on Thursday after an OPEC delegate said the oil producer group had agreed to extend cuts in production by nine months to March 2018.

That disappointed some investors, who had hoped that OPEC might reduce output even further to drain a global glut that has depressed markets for almost three years.

Hi all sifus here,

I am currently holding company shares (listed in NYSE) and will be leaving the company soon.
I am not very familiar with shares/stocks, could anyone advise what is the procedure if i doesn't want to sell my share back and prefer to keep it?

Thank you in advance.

Live: Oil prices rise as Arab nations round on Qatar over terror
Several Middle East countries, including Gulf states Saudi Arabia, the UAE, Bahrain, as well as Egypt, have severed diplomatic ties with Qatar. They have cited the need to protect their states from the "dangers of terrorism and extremism."
Oil prices have risen on the heightened tension.

i guess that those crude related persons and nations will use some news to defend their price sunce they camt do much to halt the slide. these crude people are getting more irrelevant. global economic landscape should change.

The non-OPEC producers are producing like crazy. So, any cuts by OPEC almost seems nothing to them.
Oil prices now are back to the same level as if OPEC didn't make any announcement in November.

Since then, non-OPEC producers like US/Canada have increased a lot of rigs. Inventory still quite high.

Wow.. overnight, another flush down. 42.xx.

I think it won't be long now, we'll see $40.

Anyone here still riding bear share: DWT?  Almost double from its initial launch.. 

ringgit can go "new high" then....maybe breakout 4.50...

Anyway, it's at $42 now. .. I think buyers will step in when it is at $40.xx
Watch for this level. Just another -$2 more.
If it breaks, there was also $38-$39 where last bulls defensive line last August.
A lot of bulls missed this run and was hoping for revisit to this area.
Do they dare to come back in?  

Following on update on the shale break even price:
"For the (Bakken shale), wells completed in 2016-2017, wellhead break-evens average around $38 per barrel," said consultancy Rystad Energy, which specializes in exploration and production."
Source:
http://news.abs-cbn.com/business/06/22/17/...efend-oil-price
So, I guess that's probably the PUT price as well. If anything lower that $38, I think the bears will turn to bulls.
Breakeven is probably not what they want to do. Shale producers also want higher prices, because shale producers want profits.
If it dives under $40, and stay there, more rigs will shutdown (which means OPEC wins), not profitable..
then with lower supply, price will surge.