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Sembmarine
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PinkPunter
Senior |
30-Sep-2011 11:23
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This one quite jia lat, still see no end yet :-( | ||||
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krisluke
Supreme |
29-Sep-2011 22:43
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CURRENCIES The December Dollar was lower overnight and poised to extend this week's decline. Stochastics and the RSI are overbought, diverging and are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 77.48 are needed to confirm that a short-term top has been posted. If December renews the rally off August's low, the 75% retracement level of this year's decline crossing at 80.29 is the next upside target. First resistance is Monday's high crossing at 79.65. Second resistance is the 75% retracement level of this year's decline crossing at 80.29. First support is the 20-day moving average crossing at 77.48. Second support is the reaction low crossing at 76.58. The December Euro was higher overnight as it extends this week's short covering rally and trading above initial resistance marked by the 10-day moving average crossing at 135.98. Stochastics and the RSI have turned bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 137.44 are needed to confirm that a short-term low has been posted. If December renews the decline off August's high, the 62% retracement level of the 2010-2011-rally crossing at 132.05 is the next downside target. First resistance is the 20-day moving average crossing at 137.44. Second resistance is the reaction high crossing at 139.25. First support is Monday's low crossing at 133.57. Second support is the 62% retracement level of the 2010-2011-rally crossing at 132.05. The December British Pound was higher overnight as it extends this week's short covering rally. Stochastics and the RSI are bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1.5751 are needed to confirm that a short-term low has been posted. If December renews the decline off August's high, the 75% retracement level of the 2010-2011-rally crossing at 1.5243 is the next downside target. First resistance is the 20-day moving average crossing at 1.5751. Second resistance is the reaction high crossing at 1.5852. First support is last Thursday's low crossing at 1.5316. Second support is the 75% retracement level of the 2010-2011-rally crossing at 1.5243. The December Swiss Franc was slightly higher due to short covering overnight as it rebounds off the 62% retracement level of the 2010-2011-rally crossing at .10916. Stochastics and the RSI have turned bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at .11460 are needed to confirm that a short-term low has been posted. If December renews the decline off August's high, the 75% retracement level of the 2010-2011-rally crossing at .10222 is the next downside target. First resistance is the 10-day moving average crossing at .11196. Second resistance is the 20-day moving average crossing at .11460. First support is the 62% retracement level of the 2010-2011-rally crossing at .10916. Second support is the 75% retracement level of the 2010-2011-rally crossing at .10222. The December Canadian Dollar was lower overnight as it consolidates some of Tuesday's short covering rally. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 99.74 are needed to confirm that a short-term low has been posted. If December renews the decline off July's high, the 87% retracement level of the 2010-2011-rally crossing at 94.61 is the next downside target. First resistance is the 10-day moving average crossing at 98.48. Second resistance is the 20-day moving average crossing at 99.74. First support is Monday's low crossing at 96.09. Second support is the 87% retracement level of the 2010-2011-rally crossing at 94.61. The December Japanese Yen was lower overnight as it extends this week's trading range. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at .13029 would temper the near-term friendly outlook. If December extends the aforementioned rally, August's high crossing at .13180 is the next upside target. If December renews the decline off August's high, the 25% retracement level of the 2010-2011-rally crossing at .12657 is the next downside target. First resistance is last Thursday's high crossing at .13158. Second resistance is August's high crossing at .13180. First support is the 20-day moving average crossing at .13029. Second support is 25% retracement level of the 2010-2011-rally crossing at .12657. ENERGY MARKETS November crude oil was higher overnight as it consolidates some of Wednesday's decline. Stochastics and the RSI have turned bullish hinting that a double bottom with August's low might have been posted with Monday's low. Closes above the 20-day moving average crossing at 86.02 are needed to confirm that a short-term low has been posted. If November renews last week's decline, August's low crossing at 76.61 is the next downside target. First resistance is the 10-day moving average crossing at 83.48. Second resistance is the 20-day moving average crossing at 86.02. First support is Monday's low crossing at 77.11. Second support is August's low crossing at 76.61. November heating oil was higher overnight and poised to extend this week's short covering rally. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 295.16 are needed to confirm that a short-term low has been posted. If November renews the decline off the late-August high, August's low crossing at 273.25 is the next downside target. First resistance is the 10-day moving average crossing at 289.24. Second resistance is the 20-day moving average crossing at 295.15. First support is Monday's low crossing at 276.24. Second support is August's low crossing at 273.25. November unleaded gas was higher overnight and is challenging initial resistance marked by the 10-day moving average crossing at 261.79. Stochastics and the RSI have turned bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 269.49 are needed to confirm that a short-term low has been posted. If November renews the decline off this month's high, August's low crossing at 244.23 is the next downside target. First resistance is the 10-day moving average crossing at 261.79. Second resistance is the 20-day moving average crossing at 269.49. First support is Monday's low crossing at 247.16. Second support is August's low crossing at 244.23. November Henry natural gas was slightly lower overnight as it consolidates below initial resistance marked by the 10-day moving average crossing at 3.842. Stochastics and the RSI are turning neutral to bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 3.942 are needed to confirm that a short-term low has been posted. If November renews the aforementioned decline, monthly support crossing at 3.225 is the next downside target. First resistance is the 10-day moving average crossing at 3.842. Second resistance is the 20-day moving average crossing at 3.942. First support is Monday's low crossing at 3.742. Second support is monthly support crossing at 3.225. |
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krisluke
Supreme |
29-Sep-2011 22:36
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Psychology supportive level : Crude Oil USD 70 : Gold USD 1500 Sembmar could breach $3.00 support IF the above Happen... ... |
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krisluke
Supreme |
29-Sep-2011 22:28
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SilverWe see several signs that support negativity, where the metal is currently trading below 38.2% Fibonacci correction of the upside move, which started from the bottom at 26.02 and ended at the top of 33.52, in addition, the metal is also trading below 38.2% Fibonacci several corrections as shown above. Furthermore, Stochastic is negative within overbought areas, while the Relative Strength Index failed to stabilize above the level of 50. In result, we expect a downside correction today as long as the level of 31.85 remains intact. The trading range for today is among the key support at 28.60 and key resistance now at 33.50. The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact. Support: 30.20, 29.55, 29.10, 28.85, 28.60 Resistance: 30.65, 31.05, 31.85, 32.10, 32.90 Recommendation Based on the charts and explanations above, we recommend selling silver around 30.50 and take profit in stages at (29.75 and 28.90) and stop loss with 4-hour closing above 31.85 might be appropriate.
GoldIn line with our yesterday's scenario, the metal collapsed achieving a clear negative closing below SMA 100-colored in green- as seen on the provided daily graph. This decline has been capable of creating a bearish candlestick formation that is treated as a new negative catalyst which could assist the metal to penetrate the pivotal support around 1575.00-yesterday's defined target- and thus, the classical double top pattern which didn't reach its scientific technical target at 1475.00-1470.00 zones will be valid as far as 1702.00 -the neckline- areas remain intact. Of note, SMA 100-valued at 1640.00- could be retested before resuming the projected bearishness. The trading range for today is among the key support at 1533.00 and key resistance now at 1702.00. The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1590.00, 1575.00, 1560.00, 1545.00, 1533.00 Resistance: 1630.00, 1648.00, 1665.00, 1687.00, 1702.00 Recommendation Based on the charts and explanations above our opinion is, selling gold around 1630.00 targeting 1533.00 and stop loss above 1695.00 might be appropriate.
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krisluke
Supreme |
29-Sep-2011 22:28
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After forming a minor double top formation over the lower time frames the commodity dropped sharply from levels among 84.00-85.00 critical area, to reach below 80.00 mark. We may see a prolonged period of range trading among 77.00-85.00 area as big price swings to the up and downside hint the indecisive stance. However, we remain in favor of bearishness during the upcoming period. Currently and over intraday basis we continue to expect further attempts to the downside affected by breaching important intraday support levels. The trading range for the day is among the major support at 77.00 and the major resistance at 85.75. The short-term trend is to the downside with steady daily closing below 100.00 targeting 65.00. Support: 80.80, 79.60, 79.20, 78.00, 77.50 Resistance: 82.00, 82.70, 83.30, 84.10, 84.70 Recommendation Based on the charts and explanations above we recommend selling oil around 82.00 targeting 80.00 ,77.50. Stop loss with four-hour closing above 82.65
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krisluke
Supreme |
29-Sep-2011 22:26
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Crude rises backed by the weakening dollar Crude oil inclines today since the opening of the session correcting some yesterday’s losses, due to weakening dollar, but the deepening debt crisis still weighing down on confidence despite hopes that the European leaders will contain the crisis from spreading. Fears and concerns remain evident in markets that the world economy is heading into another recession, as a fragile pace of recovery and deepening debt crisis in Europe are putting more negative pressures on the outlook over the economy. Oil for November delivery is currently trading around $82.10 a barrel after recording so far a high of $82.15 and a low of $79.62, since the opening level at $80.69 Crude declined yesterday after pessimistic data that released from U.S., which pushed negatively oil prices amid rising fears over the pace of growth in U.S., also, the U.S. Energy Department has showed an increase is oil inventories last week due to weakening demand on crude. The EIA report showed that the U.S commercial crude oil inventories increased by 1.9 million barrels from the previous week. At 341.0 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 0.8 million barrels last week and are upper limit of the average range. In Europe, leaders are struggling to contain the crisis and prevent a Greek default, as so far, 8 member of Euro Zone have approved on expanding the EFSF’s abilities in order to support debt laden nations and the European economy, and today, we are waiting the German parliament to pass these measures despite the opposition there. Investors are looking for any data that may help to contain the deepening debt crisis that affects the growth, any signs from leaders will help investors to get back their confidence, although, we saw an upside momentum that pushes crude prices before German vote. Volatility may remain evident in markets ahead of confidence data that will be released from Euro Zone along with German vote. On the other hand, focus shifts to the United States today, as they will release the second quarter GDP reading along with other key fundamentals that may ease fears over the U.S. economy if they show good figures. The weakening dollar today helps crude to get its upside momentum despite the deepening debt crisis in Europe and the sluggish growth in U.S., after yesterday’s data that showed a decline in durable goods last month. The dollar index, which tracks the dollar movements versus a basket of major currencies, edged down to a low of 77.54 compared with the day's opening level of 78.03, where it recorded a high of 78.15 and it is currently trading around 77.57. Volatility may appear in today’s trading ahead of the U.S. GDP figures and other fundamentals, along with the German parliament vote for EFSF expanding program. |
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krisluke
Supreme |
29-Sep-2011 22:24
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Gold and Silver Prices gave back an early rally yet again in London trade Thursday lunchtime, trading at $1615 and $30.15 per ounce as Eurozone stock markets rose after the German parliament voted overwhelmingly in favor of extra financial support for Greece and other weaker member states. The Euro re-touched Wednesday's highs above $1.37 on the currency market, while both German and Greek government bond prices rose, offering new buyers annual yields of 1.99% and 22.88% respectively. Commodity markets were mixed, meantime, with industrial metals slipping as European Brent crude oil rose over 1% to $105 per barrel. " The Double Top formation in gold remain our main technical focus," says the latest chart analysis from bullion-bank Scotia Mocatta. " Only a close back above $1704 would remove the bearish outlook," it reckons, citing a " measured move objective" off this summer's peaks above $1900 per ounce down at $1488 per ounce. The 8% and 17% drop in US Dollar gold and Silver Prices of the last week continues to jar, however, with the surge in physical investment demand reported by retail bar-and-coin dealers in both Europe and North America, as well as with extended delivery times in London's wholesale bullion markets. " The blockage is logistical," said a senior precious-metals trader in London to BullionVault this morning, pointing to strong shipping demand from Swiss refineries wanting 400-oz London Gold Bars to convert into kilo-bars for European and especially Asian buyers. Advanced bookings for silver shipments to China ahead of the New Year are also rising, he said. " Current [gold] buying momentum is much stronger than the respective comparable period in 2009 and 2010," agrees today's note from Standard Bank's commodities team, " matching levels last seen in August 2010 and February 2011." This surge in demand " is broad-based throughout Asia," says Standard, and " particularly strong" from India - where next month's Diwali festival is traditionally associated with strong gold jewelry demand - while sales of gold scrap from existing owners " have been sporadic rather than consistent." On the US Gold Futures market, in contrast - where derivative contracts are typically settled in cash rather than metal - " We expect [this week] will show another and sharper decline in net speculative [demand]," says the latest Precious Metals Weekly from the VM Group for ABN Amro. The falling Silver Price saw a 10% drop in speculators' " net long" position (of bullish minus bearish bets) even before last week's sell-off, according to VM's data, while as a proportion of all Comex Gold Futures contracts, the " net long" held by non-industry players fell from 40% at the start of August to barely 26% last week. Yesterday saw the gross tonnage held to back shares in the SPDR Gold Trust - the world's largest Gold ETF - end unchanged at 1242 tonnes, down 0.8% from a week ago and 6% below its peak of June 2010. By value, however, the SPDR Gold Trust's holdings have swelled by more than 22% since then to reach some $64.5 billion today. " The German parliament is voting for too little, too late," said Fredrik Erixon of the European Centre for International Political Economy in Brussels today, as the vote in Berlin saw strong parliamentary approval for an extra €88 billion in German support - some $118bn - for the European Financial Stability Fund. Germany will now guarantee up to €211bn ($287bn) in so-called " bail out" loans to weaker member states. Some 40% of respondents to Bloomberg News' latest quarterly survey see at least one member state quitting the 17-nation currency bloc in the next year, and more than 1-in-3 respondents foresee a global recession sparked by the Eurozone's debt crisis. " You suddenly have a crisis of confidence and trust that's impacting markets and could hurt economies," says one respondent, chief investment officer at Halkin Investments in London, Jean-Yves Chereau. " Politicians need to move ahead pretty quickly." Lack of political leadership is a key factor driving Gold Investment, said HSBC precious metals analyst James Steel last week at the London Bullion Market Association's conference in Montreal. Gold's 10-year rise to date " shows that the political and financial systems the world lives by aren't working," agreed another LBMA Conference speaker, John Fallon of Peer Capital Management. " Markets won't wait, they need a resolution now - within the next couple of weeks or months," says Barry Eichengreen, professor of economics and political science at the University of California at Berkeley, interviewed in the Washington Post. " But [Europe's] structural reforms will require several years to complete." Urging centralized banking control in Europe ahead of fiscal union - because " this is first and foremost a banking crisis" - currency-historian Eichengreen warns that " the costs of allowing or forcing a member state to exit the Euro area would be very, very high. " If you think a Greek exit would be chaotic, the implications for the rest of the area would be chaos squared." http://www.bullionvault.com |
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krisluke
Supreme |
29-Sep-2011 22:22
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By Myra P. Saefong, MarketWatch SAN FRANCISCO (MarketWatch) — Crude futures climbed 3% Thursday as a drop in U.S. weekly jobless claims and Germany’s vote to approve an expanded euro-zone rescue fund helped buoy prospects for global oil demand.
Germany OKs expanded bailoutWSJ Berlin Deputy Bureau Chief Marcus Walker reports German Prime Minister Angela Merkel's securing of votes to expand the Euro Zone's bailout package paves the way for the 16 other Euro nations to approve as well. Reuters photo. “Traders are counting heavily on increased demand in Europe, and that will happen if the Europeans get their debt addressed and under control,” said Charles Perry, chief executive officer at energy-consulting firm Perry Management. The German parliament on Thursday voted overwhelmingly to increase the size and flexibility of the euro-zone rescue fund. More than half of the euro zone’s 17 members have approved the package, which boosts the European Financial Stability Facility’s lending power to 440 billion euros ($599 billion) from €250 billion and gives it power to buy sovereign bonds, provide credit lines to governments and facilitate bank recapitalizations. Read more about the German vote. Adding support to oil prices was news from the Labor Department that the number of Americans who filed applications for unemployment benefits sank last week to the lowest level since early spring. Jobless claims fell by 37,000 to 391,000 in the week ended Sept. 24. Read about jobless claims. “Any economic news does have some impact on oil prices. Again this is just a glimmer of hope as of now,” said Perry. “Jobless claims need to get below 375,000 and stay below to have a significant impact on recovery. And to really boom, they need to drop below 200,000 and stay below for some time.” Crude-oil futures had dropped 3.8% on Wednesday amid pressure from an unexpected 1.9 million-barrel rise in oil supplies for last week. Elsewhere in energy trading Thursday, natural-gas futures traded lower ahead of an Energy Information Administration report on inventories due at 10:30 a.m. Eastern time. In its first full session as a front-month contract, natural gas for November delivery /quotes/zigman/2049449 NG11X -1.13% fell 3.9 cents, or 1%, to $3.76 per million British thermal units. Analysts surveyed by Platts expect the EIA report to show an increase in supplies between 99 and 103 billion cubic feet for the week ended Sept. 23. That would be greater than the 73-Bcf increase a year ago and the five-year average build of 71 Bcf, according to the EIA data cited by Platts. Also on Nymex, October gasoline futures /quotes/zigman/2075614 RB1V +0.87% were up 2.6 cents, or 1%, at $2.68 a gallon. Heating oil for the same month’s delivery /quotes/zigman/2075599 HO1V +1.67% added 4.7 cents, or 1.7%, to $2.87 a gallon. |
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pasttime
Member |
29-Sep-2011 14:45
Yells: "." |
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sale. | ||||
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krisluke
Supreme |
28-Sep-2011 23:11
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Pivot: 3.6 Our preference: Short positions below 3.6 with targets @ 3.2 & 3 in extension. Alternative scenario: Above 3.6 look for further upside with 4 & 4.3 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 4.3 4 3.6 3.42 last 3.2 3 2.5 |
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krisluke
Supreme |
27-Sep-2011 20:36
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crude oil = usd 84 mild bull ... ... |
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krisluke
Supreme |
27-Sep-2011 20:30
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 Sembcorp marine currently resisted by 2 movin' average
9 days ema 14 days ema These two ema(s) had to form straight line with 20day sma to see consolidation bias turn bullish as long as the price was supported by 20 days sma... ... Retest of 40 days ema may lead to testing of 180ema (trending reversal)... ... Let's hope for NEW contracts/ exercise of options my personal view ? !! |
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GuavaXF30
Master |
27-Sep-2011 18:47
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Oil price seems to be rebounding. DOW futures, Euro, FTSE all up heavily. Today may have been the start of a good run ? Hopefully....
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krisluke
Supreme |
27-Sep-2011 16:30
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To filled the first gap ? ??
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New123
Elite |
27-Sep-2011 14:41
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Take this opportunity to take profit 1st..
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krisluke
Supreme |
27-Sep-2011 14:37
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Resistance $3.56
There was a gap of 6 cents to be filled up thereafter $3.60... mild bull PLUS tracking news from EU and US dollars 
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krisluke
Supreme |
27-Sep-2011 14:22
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Our pivot point is at 3.79. Our preference: the downside prevails as long as 3.79 is resistance. Alternative scenario: above 3.79, look for 4.08 and 4.25. Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (standing respectively at 3.84 and 4.32). Finally, Sembcorp Industries has penetrated its lower daily Bollinger band (3.46). Sembcorp Industries is currently trading near its 52 week low at 3.33 reached on 26/09/11. Supports and resistances: 4.08 * 3.79 ** 3.67 3.43 last 3.01 2.85 ** 2.69 * |
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New123
Elite |
27-Sep-2011 14:16
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$3.50 liao..
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krisluke
Supreme |
26-Sep-2011 22:41
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krisluke
Supreme |
26-Sep-2011 22:39
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Let's hope sml will rebound back to $ 3.50 :)) | ||||
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