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1421-1440 of 3003
YangziJiang/SembMar: (The Edge) Morgan Stanley note that industry grp’s that are most exposed to EU in terms of rev are tech, hardware, commercial and professional services and Semi Con.
Under house coverage,YangZiJiang and SembMar feature as one of the top 20 stocks under coverage that are most exposed to EU, with Co’s deriving 75.3% and 45.5% of their rev from the region. Interestingly, SG does not feature among countries with especially high exposure to EU.
Normally I will agree with you. But these are abnormal times. Having said that, Europe seems to be bouncing back quite strongly at the moment. See how DOW performs and that may lead play up for STI. SML is index stock that has fallen a lot today so if they want to play STI up, this may be a good candidate.
New123 ( Date: 26-Sep-2011 20:16) Posted:
Yup ! You are correct - $3.50 & above..
krisluke ( Date: 26-Sep-2011 20:03) Posted:
Master 123 san,
 U mean $3.50 or $2.5 |
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Yup ! You are correct -
$3.50 & above..
krisluke ( Date: 26-Sep-2011 20:03) Posted:
Master 123 san,
U mean $3.50 or $2.50
New123 ( Date: 26-Sep-2011 19:49) Posted:
| Tmr will see it moving up above $2.50.. |
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Master 123 san,
U mean $
3.50 or $
2.50
New123 ( Date: 26-Sep-2011 19:49) Posted:
| Tmr will see it moving up above $2.50.. |
|
Tmr will see it moving up above $2.50..
Pivot: 2800
Our preference: Short positions below 2800 with targets @ 2570 & 2400 in extension.
Alternative scenario: Above 2800 look for further upside with 2865 & 2930 as targets.
Comment: the RSI is below its neutrality area at 50%
Key levels
2930
2865
2800
2654 last
2570
2400
2220
No so Good news from Straits Times Index ... ... Becos Smm was index stock
BUT, One thingy for sure is that,
ONLY their employees will buy high and sell low,
Thinky on last four years volatile swing of stock market
My personal view
Pivot: 8.65
Our preference: Short positions below 8.65 with targets @ 7.6 & 7.35 in extension.
Alternative scenario: Above 8.65 look for further upside with 9 & 9.55 as targets.
Comment: the RSI broke below a rising trend line.
Key levels
9.55
9
8.65
8.02 last
7.6
7.35
6.85
Sembcorp marine closest rival.. ...
Do notice that all eyes will be on e exercise of options from current rig contracts....
Happen in october 2011
Gold Daily Technical Outlook
Comex Gold (GC)
Gold's decline extends further to as low as 1535 today and met mentioned target of 1577.4 resistance turned support. There is no sign of bottoming yet and current decline might continue to 1500 psychological level and below. On the upside, above 1631.7 minor resistance will turn intraday bias neutral and bring consolidation. But recovery should be limited by 1705.4 support turned resistance and bring another fall.
In the bigger picture, current development indicates that gold has made a medium term top at 1923.7, ahead of long term projection level of 161.8% projection of 253 to 1033.9 from 681 at 1945.6 and 2000 psychological level. While the fall from 1923.7 is steep and deep, gold is still holding inside long term rising channel from 681 and 55 weeks EMA at 1508.1. Hence, we're not too bearish in gold yet. Strong support is anticipated at 1478.3/1577.4 support zone to contained downside, at least initially, and bring rebound. However, note that sustained break of 1478.3 will strongly suggest that the long term up trend has already reversed.
Comex Gold Continuous Contract 4 Hours Chart
Comex Gold Continuous Contract Daily Chart
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL)
Crude oil dips further to 77.11 so far today and intraday bias remains on the downside for 75.71 support first. Break there will confirm resumption of the whole decline from 114.83 and should target 70 psychological level and then 100% projection of 100.62 to 75.51 from 90.52 at 65.60. On the upside, above 81.81 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited by 4 hours 55 EMA (now at 84.25) and bring fall resumption.
In the bigger picture, medium term rebound from 33.2 is treated as the second leg of consolidation pattern from 147.24 and should have finished at 114.83 already. Current decline should target next key cluster support at 64.23 (61.8% retracement of 33.2 to 114.83 at 64.38) next. Sustained break will pave the way to retest 33.2 low. On the upside, break of 90.52 resistance is needed to invalidate this view or we'll stay bearish in crude oil now.
Nymex Crude Oil Continuous Contract 4 Hours Chart
Nymex Crude Oil Continuous Contract Daily Chart
Crude oil futures - Weekly review: September 19-23
Published on Sun, Sep 25, 2011 at 16:48 | Source : Forexpros.com
Forexpros - Crude oil futures fell to a six-week low on Friday, settling below the psychologically-important USD80-a-barrel level as mounting concerns over the outlook for global economic growth prompted investors to dump riskier assets.
On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD79.98 a barrel by close of trade on Friday, plunging 8.85% over the week, its biggest weekly drop since early May.
The November contract fell by as much as 3.55% on Friday to hit USD77.54 a barrel, the lowest price since August 9, before paring losses after financial leaders from the Group of 20 nations said they would take " all steps necessary" to calm the global financial system.
On Thursday, crude prices plunged nearly 5.5% after the Federal Reserve warned of 'significant downside risks' facing the U.S. economy on Wednesday and announced fresh measures to boost growth.
The Fed unveiled a plan to trade short-term bonds for long-term ones, in an attempt to boost the economy by pushing down long-term interest rates, a move dubbed 'Operation Twist.'
Adding to global worries, a preliminary reading of the HSBC China purchasing managers' index fell to a two-month low of 49.4 in September, while a separate report showed that manufacturing activity in the euro zone slumped to the lowest since August 2009 in September.
The U.S. and China are the world's two largest oil consuming nations and manufacturing numbers are used as indicators for fuel demand growth.
The grim global growth outlook prompted investors to shun riskier assets, such as stocks and commodities and flock to traditional safe haven assets like the greenback.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, gained 1.6% over the week to settle close to a ten-month high of 78.92 by close of trade Friday.
Oil prices typically weaken when the U.S. currency strengthens as the dollar-priced commodity becomes more expensive for holders of other currencies.
Elsewhere, on the ICE Futures Exchange, Brent oil futures for November delivery traded at USD103.78 a barrel by close of trade on Friday. The Brent contract fell 7.2% over the week, with the spread between the Brent and the crude contracts narrowing to USD23.80 a barrel.
Despite the recent pullback in prices, Wall Street lender JP Morgan maintained its Brent forecast of USD115 a barrel for 2012, citing the prospect of supply curbs by OPEC producers to prop up prices.
" As long as producers are prepared to trim output back to mid-2010 levels, we believe that Brent is likely to remain in a USD100 to USD120 per barrel range," the bank said in a report.
Forexpros - Forexpros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar and Forex News .
Types of Crude Oil - Classifications of Crude Oil
Crude oil otherwise known as petroleum is a composition of hydrocarbons and other compounds which is usually yellow or black in color. It is extracted from the earth, formed naturally from the fossil of animals and plants. The viscosity and relative weight of crude oil varies and it can exist in either liquid or solid state. It can be light or heavy, sticky or non-sticky and for some
types of crude oil, heavy flushing is required to remove it from the surfaces. Saudi Arabia, Kuwait, Qatar are major crude oil producing countries. The physical properties play a significant role in simplifying the refinement process for the conversion of
crude oil into various end products.
The different
Types of Crude oil have variations in viscosity and appearance from one oil field to another. The variations range in odour, color and in the basic properties and qualities. While all Types of crude oil are basically hydrocarbons, there are differences in their properties, especially in the variations in the molecular structure. The many variations may also influence the suitability of the different types of crude oil for particular products and the resulting quality of the products.
The different
Types of crude oil are classified based on the American Petroleum Gravity (API) gravity and viscosity. The properties may vary in terms of proportion of hydrocarbon elements, sulfur content etc as it is extracted from different geographical locations all over the world. If the API gravity of the crude oil is of 20 degrees or less, it is graded as 'heavy', those with an API gravity of 40.1 degrees or greater than that is known as 'light' and if the oil ranges between 20 and 40.1 degrees, it is graded as 'intermediate'. Classifications are made based on the sulfur content as well.
Crude oil with low content of sulfur means 'sweet' and the presence of high content sulfur is known as 'sour'.
The purity of crude oil increases or decreases based on the sulfur content as sulfur is an acidic material.
One of the largest and major
Classifications of Crude oil is Brent Blend, which is found in the North Sea. With an API gravity of 38.3 degrees and 0.37% of sulfur, this blend of crude oil comes from 15 various oil fields in the North Sea. Brent Blend is refined in the United States and Gulf coasts during the times of export. West Texas Intermediate (WTI) otherwise known as Texas Light Sweet, OPEC Reference Basket (ORB) and Dubai Crude are other major benchmarks or references. The deposits for West Texas Intermediate are found in Texas and Mexico whereas for OPEC Reference Basket oil is sourced from Bonny light (Nigeria), Arab light (Saudi Arabia), Basra light (Iraq), Saharan blend (Algeria) and Minas (Indonesia). Although, Brent blend is graded as a light crude oil, it is not as light as WTI.
Brent crude and Brent Sweet Light Crude are the other Classifications of Brent Blend. Again, Brent sweet Light Crude is not as light as WTI.
Due to the presence of low sulfur content in Brent Blend, this can be easily refined and it is best suitable for the production of gasoline and oil products. This light grade of crude oil is also ideal for the conversion of gasoline as it contains an API gravity of 39.6 degrees and 0.24% of sulfur usually lighter than Bent crude. When compared to Brent Blend and West Texas Intermediate, the OPEC Reference Basket benchmark is a heavier blend. The lighter version of the crude oils is priced high in comparison to the crude oils that are classified as heavy.
On Friday, Sembmar broke the support at $3.65 and closed at $3.56 with LOW volume of 16.85 million shares traded.
A falling window
occurred (where the bottom of the previous shadow is above the top of
the current shadow). This usually implies a continuation of a bearish
trend. There have been 10 falling windows in the last 50 candles–this makes the current falling window even more bearish. The two candles preceding the falling window were black, which makes this pattern even more bearish.
Both RSI & MACD are bearish as MACD lines about to cross down.
Important Resistance of Sembmar: $3.65
Immediate Support of Sembmar: $3.45
Currently prices are well below the 20/50/100/200 days MA.
SembMar
broke the ......................READ MORE
Sembcorp marine = $3.28 and $2.96
Sembcorp industries = $3.1 and $2.92
Mean Value = $3.00
Pillow Stock !!
krisluke ( Date: 23-Sep-2011 22:22) Posted:
Do notice the the KEY support
$3.35 and $3.23 ~ 2011
$3.31 and $3.25 ~ 2008 (2 years of gobal recession period)
Golden buy opportunity @ $3.28 and $2.96 .. ...
krisluke ( Date: 23-Sep-2011 22:15) Posted:
| I've surf the web and discovered a chart that was quite similiar to sembmar now... ... |
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Our pivot point is at 3.41.
Our preference: short term rebound towards 4.27.
Alternative scenario: the downside breakout of 3.41 would call for 3.1 and 2.92.
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 above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day MA (standing respectively at 3.88 and 4.38). Sembcorp Industries is currently trading near its 52 week low at 3.65 reached on 22/09/11.
Supports and resistances: 4.45 *
4.27 **
4.08
3.66 last
3.53
3.41 **
3.1 *
Comex Gold (GC)
Gold dived sharply to as low as 1631.7 last week and the strong break of 1705.4 support confirmed that the medium term trend has reversed with a double top (1917.9, 1923.7). Initial bias remains on the downside this week and deeper fall should be seen to 1577.4 resistance turned support next. On the upside, above 1683.6 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited below 1765.4 support turned resistance and bring fall resumption.
In the bigger picture, current development indicates that gold has made a medium term top at 1923.7, ahead of long term projection level of 161.8% projection of 253 to 1033.9 from 681 at 1945.6 and 2000 psychological level. While the fall from 1923.7 is steep and deep, gold is still holding inside long term rising channel from 681 and 55 weeks EMA at 1504.1. Hence, we're not too bearish in gold yet. Strong support is anticipated at 1478.3/1577.4 support zone to contained downside, at least initially, and bring rebound. However, note that sustained break of 1478.3 will strongly suggest that the long term up trend has already reversed.
In the long term picture, gold faced strong resistance ahead of 161.8% projection of 253 to 1033.9 from 681 at 1945.6 and dropped sharply. But there is no change in the long term up trend yet. As long as 1478.3 support holds. We'll stay bullish and expect an eventual break of 2000 psychological level in the long run. However, note that break of 1478.3 will be an important signal that whole up trend from 1999 low of 253 is completed. And, in such case, gold could drop through 1033.9 resistance turned support.
Comex Gold Continuous Contract 4 Hours Chart
Comex Gold Continuous Contract Daily Chart
Comex Gold Continuous Contract Weekly Chart
Comex Gold Continuous Contract Monthly Chart
The headlines last week were dominated by more signs of US and Eurozone double-dips. Panic selling was seen across the board as investors turned risk averse amid fears that some mega banks will fall, some debt-ridden countries in the European periphery will default and the path of economic recovery will be derailed further despite ultra accommodative policies. During the week, equities, risky currencies and commodities slumped, recording biggest losses not seen for long. Wall Street tumbled with both of DJIA and S& P 500 losing more than -6.0%. The US dollar index climbed +2.49% during the week. The rise of the greenback against major currencies signaled heightening worries over the economic outlook. The commodity sector got hammered with all complex and individual commodities under our coverage closing in a sea of red.
Financial markets started the weak with a soft tone as the ECOFIN meeting in Poland failed to deliver additional measures to resolve the sovereign debt problems and S& P downgraded Italy's credit rating to A from A+ with a negative outlook. Massive selloff was triggered after the Fed announced to buy 400B of Treasury securities of maturities of 6-30 years, and simultaneously to sell an equal amount of Treasury securities with remaining maturities of 3 years or less. Chairman Ben Bernanke Fed said that 'economic growth remains slow' and there are 'significant downside risks to the economic outlook, including strains in global financial markets'. Although the pace of recovery might pick up in coming quarters, the unemployment rate will 'decline only gradually'. Inflation will settle 'at levels at or below those consistent with the dual mandate' as commodity prices have dropped from their peaks.
The IMF trimmed its growth forecasts for this year and 2012 as 'global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing'. GDP will grow +4% in 2011 and 2012, lowered than +4.3% and +1.5% respectively projected in June. The slowdown in advanced economies will be more severe with 2011 growth in the US sliding to +1.5% from +2.5% estimated in June. The world lender urged policymakers to find 'collective resolve' regarding Greece's potential default and the sovereign debt crisis in the European periphery.
The global economy has deteriorated rapidly in recent months, triggering central bankers to implement additional easing measures. There are rising speculations that the ECB may ease its policy rate in as soon as October after the 2 rate hikes carried out earlier this year.
Crude Oil: The energy complex tumbled with WTI crude oil leading the decline. During the week, the WTI contract for November delivery plunged -9.45% while the equivalent Brent crude contrat lost -7.35%. Nymex heating and gasoline prices also fell 7-8.5%.
The selloff in crude oil has mainly a derivative of a weaker economic outlook. Investors basically dumped their 'risky' assets considered in the midst of the turmoil. The fundamentals, however, remained resilient so far. US crude stockpile fell -7.34 mmb to 339.05 mmb in the week ended September 16. 3 out of 5 PADDs recorded stock draws, particularly, Cushing stock slipped -0.23 mmb to 32.00 mmb. The huge draw was due to the absence of the 0.6M bpd of supply from the US SPR and the lack of imports. Total petroleum demand also rebounded +0.37M bpd to 19.02M bpd during the week. Export growth is the key factor driving total demand higher as domestic consumption weakened. The DOE/EIA also addressed the growth importance of exports. Motor gasoline exports rose 4% of total demand of motor gasoline from 2010 to mid-2011, up from 1-2% from 2000 to 2009. Distillate exports contributed more than 10% of distillate product supplied from 2009 to mid-2011, up from less than 10% from 2000 to 2008.
Total petroleum stock is now at level lower than a year ago. Last week's data shows that inventory has been down -65.84 mmb, accelerating from an average of 53.83 mmb drop over the past 4 weeks. Barring further deterioration in global economic outlook which will constrain US as well as foreign demand, current weakness in domestic demand has been offset by resilience in exports. This, in turns, helps draw inventory.
US gas price fell -2.84% last week, 'outperforming' others in the energy complex as hot weather in the South raised speculations of higher cooling demand. Gas inventory climbed +89 bcf t o 3201 bcf in the week ended September 16. Stocks were -129 bcf less than the same period last year and -35 bcf, or -1.1%, below the 5-year average of 3 236 bcf.
Baker Hughes reported that the number of gas rigs stayed unchanged at 912 units, the highest level since January 28, 2011, in the week ended September 23. Oil rigs increased +9 units to 1071 and miscellaneous rigs stayed fell -3 units to 11, sending the total number of rigs to 1 991 units, up +6 units from the previous week. Directionally oriented combined oil, gas, and miscellaneous rigs added +1 unit to 242 while horizontal rigs were up +3 units to 1 140 and vertical climbed +2 units to 609.
Precious Metals: CME raised margin requirements on gold and silver trading. Effective September 26, the minimum cash deposit for gold futures will increase +21% to 11 475 per contract in the speculative Tier 1 category while the minimum cash deposit for silver will rise +16% to 24 975. CME's move aims at reducing volatility in the prices of the 2 metals as they have plummeted sharply in recent days.
The precious metal complex slumped as led by the dive in silver while slipped -26.28% during the week. The white metal had followed gold rising higher in July and August but lacks supportive fundamentals itself. CME's margin hike, together with rapid deterioration global economic outlook may lead silver to correct more in the meeting. We do not rule of a repeat of the situation in late April and early May when silver corrected almost -30% in a week after the CME raised margin requirements.
We are, however, more confident on gold. Notwithstanding the likelihood of further correction in coming weeks, any selloff would be temporary. As long as the market remains pessimistic over global economic uncertainty, and central bankers are prone to ease further and to keep interest rates low, Buying interests for the yellow metal should resume.
Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL)
Crude oil dropped sharply to as low as 77.55 last week and the development affirmed the case that consolidation from 75.71 is finished at 90.52 and whole decline from 114.83 is resuming. Initial bias remains on the downside this week with 82.21 minor resistance intact. Retest of 75.71 should be seen first. Break will target 70 psychological level and then 100% projection of 100.62 to 75.51 from 90.52 at 65.60. On the upside, above 82.21 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited by 4 hours 55 EMA (now at 85.68) and bring fall resumption.
In the bigger picture, medium term rebound from 33.2 is treated as the second leg of consolidation pattern from 147.24 and should have finished at 114.83 already. Current decline should target next key cluster support at 64.23 (61.8% retracement of 33.2 to 114.83 at 64.38) next. Sustained break will pave the way to retest 33.2 low. On the upside, break of 90.52 resistance is needed to invalidate this view or we'll stay bearish in crude oil now.
In the long term picture, crude oil is in a long term consolidation pattern from 147.27, with first wave completed at 33.2, second wave might be finished. Upon confirmation of medium term reversal, the third wave of the pattern should have started for a retest on 33.2 low.
Nymex Crude Oil Continuous Contract 4 Hours Chart
Nymex Crude Oil Continuous Contract Daily Chart
Nymex Crude Oil Continuous Contract Weekly Chart
Nymex Crude Oil Continuous Contract Monthly Chart
Do notice the the KEY support
$3.35 and $3.23 ~ 2011
$3.31 and $3.25 ~ 2008 (2 years of gobal recession period)
Golden buy opportunity @ $3.28 and $2.96 .. ...
krisluke ( Date: 23-Sep-2011 22:15) Posted:
| I've surf the web and discovered a chart that was quite similiar to sembmar now... ... |
|
I've surf the web and discovered a chart that was quite similiar to sembmar now... ...
