SPC   

SPC

Now wait for the train...very disappointing train @#$%^&!!!

 

Champion!

 

kopi$$ in pocket, sweet $6.20 unloaded. Good day to all. Cheers.

 

I would like to see SPC opens $6.20 tomorrow, but crude oil is currently down 55¢. YN, I am monitoring, waiting at 37¢...hehehe...can I borrow your U. Nick is not there to help me. Plate not full, but reserve for emergency shd the mkt turns our. Playing China Energy is as good as playing with SPC, both energy counter. SPC I am familiar with the pattern, not China Energy. So I guess better not touch, let you have my kopi share lah...lol! Cheers.

 

Another killing tomorrow if DJ ends positive.... : )...

Hey check out China Energy & Yongnam if your plate is not too full. Same setup as SMRT.

 

The Big L will be with me as far as you don't use your U, everything will be fine here!...hehehe!

 

Let's see...hope not running away without my pants. Shd see DOW in green today! Then tomorrow all cheong!

 

Really?  I thought today's buying was weaker then Friday.  Then again weak buy could be due to DJ sell down on Friday.

You still have the big L with you so I think SPC will be a kill for you this round.

 

 

 

I thought u shd hold on a little longer for GI, expected it to break out of chart pattern. Anyway, nice to have kopi$$ in pocket. As for SPC, I think we can see rebound to $6.20/$6.25 region. Hence I took position in the morning. If I m wrong, will exit. Not to stay long here for this period.

 

Your kopi $$$ influence made me reserved some cash to punt.  5.25SGD will be for the portfolio. : ) 

Punted GI today and was out at 0.65 before 3pm.

 

Aren't you waiting for $5.25?

 

Nice.  behind you waiting for 5.95SGD.

 

anticipating a rebound from here. taken new position for kopi $$...hehehe!

 

I will be simple and not go into details, otherwise I may frighten many people.

Margin for jet kerosene has been pretty consistent and did not drop much.

US$ will depreciate significantly against SGD$. US will go into recession if Fed do not cut. But it is not much of a guessing game that Fed will cut. The question is when and how they have to do it to prevent a collapse of US$. Much is at stake.

 

Dear jkbk007, I do understand your broad hints re tips but could pls be more specific..  e.g what do I watch re US$?  should I look at US-yen ? and what about the US economy ?  I am sorry, I think jet kerosene price at USD 85.5 /barrel is a pretty decent price particularly 0.65 plus, however what does that translate into refining margins?

 

One more tip watch the US$.

 

For now I would not worry too much about the down trend in refining margin. The bigger risk is still the US economy. I think the downtrend on Friday is largely due to the withdrawal of positions by traders in anticipation of the job data release.

 

CRUDE OIL & PRODUCTS

Sep 5

Dubai (1-Mth F)

69.44

0.95

PRODUCT
US$/barrel (FOB S'pore)	Close	Change
Naphtha	72.75	0.10
Jet Kerosene	85.55	0.65

 

and to add more to the info.. recent Gasoil (distillate heating oil) prices for Singapore are also averaging above US190cts per gallon.... but really 007, do let us see your charts for the latest figures..

 

 


Source: Reuters News Service as reported in EIA, Weekly Petroleum Status Report, Table 13

 

Dear jbk007... noted your post ... but my figures does not show so drastic figures.. in fact regular gasoline for Singapore is still average above US180 cts per gallon..and recently even trending upwards perhaps you can show us your latest chart figures..

 
Source: Reuters News Service as reported in EIA, Weekly Petroleum Status Report,