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ideas168, crude and petroleum prices are closely related to each other. Past week data shows that petroleum prices such as gasoline, jet fuel,... are up while WTI crude hovers around $70. In June refining margin has eased and now we are seeing refining margin going back up in the last week of June.
Q2 profit is likely to be annouced on 24-26th July.
Crude oil rised above $70.00 on Friday.Wonder it will push SPC share price higher next week. Looking at the historical chart of SPC against the Crude Oil, SPC's share price always rise when the crude oil was higher. But on the business term, SPC buys crude oil to produce by-products. How will it benefit SPC when the price of their raw material rises? I am still confuse about this till today. Whatever the reason, I am betting on SPC to go higher next week. Wonder if they are going on with the share buy back programme which lifted SPC share price last week. If they do, I am sure we are on the ride to cross the $5.85 barrier, and looking at the next resistance at $6.05 which was the highest price SPC had ever achieved.
So far there is no REAL push factor to suggest thats SPC will be on a free run. If Oyong field announces no further delay in their delivery and the joint venture in Australia produces some positive results, I don't see SPC can cross the $6.05 barrier. But of course I hope I am wrong. By the way, anyone knows when will they annouce the 2nd quarter results. Everyone here has waited until neck very long now! My take is 26 -28 cents.
Posted this news a few months ago. This shutdown will remove quite alot of capacity from the market which will mean that refining margins should remain firm in July. Note the last setance in the report on 'turnaround'........=> 2Q refining margins should also be firm.
BT 29 Jun07
Exxon shuts S'pore refinery for maintenance
The shutdown of the mainland Singapore plant will last until the second half of July. The sources said the crude distillation units (CDUs) and other secondary units at the plant will be taken down in stages.
An ExxonMobil spokesman in Singapore had no immediate comment.
Oil traders say the turnaround will add support to fuel prices in Asia's main physical oil product trading hub, although it comes after the end of the heaviest second-quarter turnaround season for most South Korean and Japanese refiners, and Exxon can draw supplies from elsewhere in its global system. -- REUTERS
SINGAPORE - Exxon Mobil Corp on Friday began shutting its 309,000 barrel per day (bpd) Singapore refinery, the larger of its two facilities in the republic, for a month and a half of planned maintenance, industry sources said.
Hits are recorded. Misses are not.
yes... since singapore has the fastest growing millionaire population at 21.1% increase
Has to listen to them on how to be millionaire fast fast.
manikamaniko...i am afraid u have to listen to many ppl then...hehe
Big buying from funds....Open at 5.85!!!!
Yes...
Making $65,000 in one counter is no mean feat!
He who makes the money is the one to listen to...
You won't be far wrong by listening t him. .... 
Its better then nothing. Those indicators will give us a better probability then shooting blindly.
Imagine if the majority of the people AGREES on a counter being OVERSOLD shown on a DAILY CHART and with a BUY signal triggered (assuming using the same criteria), would it not entice them to buy?
Looking at the BID/SELL levels down to the 6th prices, one can kinda make an educated guess why the buyers and sellers are.
... My father-in-law trades off the teletext. He a champion! I dont how he doesnt it but probably similiar to yester years where people in US trade of the ticker tape. His Yongnam is up by 65 grand after today's closing price and he told me he goes by his 'feel'.
TARGET PRICE $7.50
I hope there's a truly honest answer to the question... 
And that's assuming you use the best indicators and oscillators available in your arsenal...
Ok... not 100%?
Then 90%, 70%, 50% or what %tage?...
Must always be specific... hehe...
Tho not 100%. Agree?
If you know where to look you and observe with detail, you can figure out the trend with good accuracy.
The market itself calls the shots...
If a stock is going up, it is on an uptrend...
If a stock is going down, it is on a downtrend...
Buy-back or whatever ...
Nothing can change the trend...
But no one knows the trend... until after the event! !!!...
Ok. Pretend I didn't post the last 2 posts. Silly me, scenario totally overturned. Now $5.75 and still going up. Such is the stock market. Here I typing, there lots of action.
fairygal, i guess is sentiments trading ba.. shanghai dropping 164+ points liao mah, so naturally, people will wan to put back their cash into their pockets from the market ba i think..
Pardon me asking a silly question, but What I want to ask is why is the Sell Volume at this price level? Panic selling, dun think so. Contra players?
wah, Sell Vol so high at $5.70. Why they want to sell when oil price is hitting $70?