Post Reply
5321-5340 of 6935
Greetings!
I am new to this forum, and have been reading the posts in this SPC thread and learned a lot. I think it is wonderful that so many experts come to share their experience, opinions, and analysis.
I am particular interested in knowing how to get the kind of trade data like what victorian has shared in his excellent posting, or the volume distribution graph that fire26 has posted. Could someone give me a pointer? Thanks.
is time to taking back his losing ground.....
but wonder how far can it goes?
but wonder how far can it goes?
hi nicky, I think I will use you as the barometer of SPC volatiliy from now on...
hmm..this one is a hardnut to crack this morning....dont thk i will short today :D
Crude Oil Rises Above $60 After Elk Hills Field Closure in U.S.
By Gavin Evans
Feb. 9 (Bloomberg) -- Crude oil rose above $60 a barrel for the first time in almost six weeks after the fire-related shutdown of the Elk Hills field in California heightened concerns about the vulnerability of U.S. supplies.
Prices gained $1.60 a barrel in 35 minutes yesterday after Occidental Petroleum Corp. said it would be unable to meet commitments from the field, the seventh largest on the U.S. mainland. Output from the field, which pumps the equivalent of about 120,000 barrels of oil a day, has been lost as a late cold- snap has pushed U.S. fuel demand to a 13-month high.
``There is still quite a bit of risk at the moment,'' said Gerard Burg, energy and minerals economist at National Australia Bank Ltd. in Melbourne. ``Despite the pull-back in prices, there's still plenty of concern about the supply side.''
Crude oil for March delivery rose as much as 71 cents, or 1.2 percent, to $60.42 a barrel in after-hours electronic trading on the New York Mercantile Exchange, the highest since Jan. 3. It was trading at $60.22 at 8 a.m. in Singapore.
The contract rose $2 to $59.71 a barrel yesterday, the highest closing price since Dec. 29. Futures had earlier traded as low as $57.30 after falling the day before when a government report showed U.S. gasoline stockpiles had risen more than expected to their highest in almost eight years.
``Force majeure at the Elk Hills field'' caused the late surge in prices, Andy Lebow, a trader with Man Financial in New York, said yesterday.
Companies declare force majeure when events beyond their control prevent them fulfilling contractual obligations.
Delays
The announcement by Occidental, the fourth-largest U.S. oil company by market value, follows output delays and shuts announced this week at North America projects run by BP Plc, and Exxon Mobil Corp.
Delays restarting the Atlantis and Thunder Horse platforms in the Gulf of Mexico will cut BP production by 150,000 barrels a day this year, the company said Feb. 6.
The 180,000 barrel a day Hibernia field off Canada may be shut for four weeks later this month to speed repairs of a power fault which cut production last month, Exxon said Feb. 7.
Oil's surge may have been exaggerated by automated buy- orders triggered as prices rose, National Australia's Burg said. High stockpiles and the nearing end of winter may keep oil in a range between $55 and $60 for the short-term, he said.
Oil touched a 20-month low of $49.90 in New York on Jan. 18 after mild weather in the U.S. Northeast cut heating demand, swelling stockpiles and freeing refiners to make gasoline. U.S. oil stockpiles held 324.5 million barrels on Feb. 2, 9.8 percent more than the five-year average for the period, the Energy Department said Feb. 7.
Heating Demand
Prices have gained 21 percent since, as temperatures dropped in the Northeast and U.S. gasoline demand remained above year- earlier levels.
U.S. petroleum demand, as measured by product deliveries, jumped 3.7 percent to 21.6 million barrels a day last week, the highest since Dec. 23, 2005, on increased demand for distillates and propane, the Department reported.
Temperatures in the Northeast, the country's biggest heating oil consuming region, may remain below normal through Feb. 22, the National Weather Service said yesterday.
U.S. gasoline demand rose for a second week and averaged 9.1 million barrels a day in the four weeks ended Feb. 2, 3.9 percent more than a year earlier, the department said.
``Consumption has been quite strong,'' Burg said. ``In the next couple of months gasoline will become much more of a focus for the market.''
By Gavin Evans
Feb. 9 (Bloomberg) -- Crude oil rose above $60 a barrel for the first time in almost six weeks after the fire-related shutdown of the Elk Hills field in California heightened concerns about the vulnerability of U.S. supplies.
Prices gained $1.60 a barrel in 35 minutes yesterday after Occidental Petroleum Corp. said it would be unable to meet commitments from the field, the seventh largest on the U.S. mainland. Output from the field, which pumps the equivalent of about 120,000 barrels of oil a day, has been lost as a late cold- snap has pushed U.S. fuel demand to a 13-month high.
``There is still quite a bit of risk at the moment,'' said Gerard Burg, energy and minerals economist at National Australia Bank Ltd. in Melbourne. ``Despite the pull-back in prices, there's still plenty of concern about the supply side.''
Crude oil for March delivery rose as much as 71 cents, or 1.2 percent, to $60.42 a barrel in after-hours electronic trading on the New York Mercantile Exchange, the highest since Jan. 3. It was trading at $60.22 at 8 a.m. in Singapore.
The contract rose $2 to $59.71 a barrel yesterday, the highest closing price since Dec. 29. Futures had earlier traded as low as $57.30 after falling the day before when a government report showed U.S. gasoline stockpiles had risen more than expected to their highest in almost eight years.
``Force majeure at the Elk Hills field'' caused the late surge in prices, Andy Lebow, a trader with Man Financial in New York, said yesterday.
Companies declare force majeure when events beyond their control prevent them fulfilling contractual obligations.
Delays
The announcement by Occidental, the fourth-largest U.S. oil company by market value, follows output delays and shuts announced this week at North America projects run by BP Plc, and Exxon Mobil Corp.
Delays restarting the Atlantis and Thunder Horse platforms in the Gulf of Mexico will cut BP production by 150,000 barrels a day this year, the company said Feb. 6.
The 180,000 barrel a day Hibernia field off Canada may be shut for four weeks later this month to speed repairs of a power fault which cut production last month, Exxon said Feb. 7.
Oil's surge may have been exaggerated by automated buy- orders triggered as prices rose, National Australia's Burg said. High stockpiles and the nearing end of winter may keep oil in a range between $55 and $60 for the short-term, he said.
Oil touched a 20-month low of $49.90 in New York on Jan. 18 after mild weather in the U.S. Northeast cut heating demand, swelling stockpiles and freeing refiners to make gasoline. U.S. oil stockpiles held 324.5 million barrels on Feb. 2, 9.8 percent more than the five-year average for the period, the Energy Department said Feb. 7.
Heating Demand
Prices have gained 21 percent since, as temperatures dropped in the Northeast and U.S. gasoline demand remained above year- earlier levels.
U.S. petroleum demand, as measured by product deliveries, jumped 3.7 percent to 21.6 million barrels a day last week, the highest since Dec. 23, 2005, on increased demand for distillates and propane, the Department reported.
Temperatures in the Northeast, the country's biggest heating oil consuming region, may remain below normal through Feb. 22, the National Weather Service said yesterday.
U.S. gasoline demand rose for a second week and averaged 9.1 million barrels a day in the four weeks ended Feb. 2, 3.9 percent more than a year earlier, the department said.
``Consumption has been quite strong,'' Burg said. ``In the next couple of months gasoline will become much more of a focus for the market.''
[15:30 US TECHS: Commodities Outlook; Gold and Oil] Boston, February 8.
[Gold] has been holding a weak bullish signal on IFR's Trend Intensity indicator but will get a bullish boost if today"s roughly $3 gains are held into the close. The overall outlook for a test of highs from last July around $677 has not wavered as the market remains bullishly above a stretched-out symmetrical triangle whose apex was due to be reached next month on nearest futures charts.
Daily momentum divergences are a background issue that needs to be monitored, but despite occasional volatility, daily/weekly/monthly trend models are all bullish. Intraday supports are at $657-59.
In Mar [oil], the market was unable to get past 50-day moving averages for three days running, which was followed by yesterday"s slide. The dip occurred
right as daily momentum moved to neutral readings for the first time this year (from below), a good reason for a reaction lower. Having tried to get past $60
for three days running, the correction has begun. Minimum retracement targets start just above $56.50 Mar. Note also that 14-day RSI readings have remained within bear market parameters of 20-60, nearing 60 last last week before stumbling, another defensive move. Joel.Marver@thomson.com
[Gold] has been holding a weak bullish signal on IFR's Trend Intensity indicator but will get a bullish boost if today"s roughly $3 gains are held into the close. The overall outlook for a test of highs from last July around $677 has not wavered as the market remains bullishly above a stretched-out symmetrical triangle whose apex was due to be reached next month on nearest futures charts.
Daily momentum divergences are a background issue that needs to be monitored, but despite occasional volatility, daily/weekly/monthly trend models are all bullish. Intraday supports are at $657-59.
In Mar [oil], the market was unable to get past 50-day moving averages for three days running, which was followed by yesterday"s slide. The dip occurred
right as daily momentum moved to neutral readings for the first time this year (from below), a good reason for a reaction lower. Having tried to get past $60
for three days running, the correction has begun. Minimum retracement targets start just above $56.50 Mar. Note also that 14-day RSI readings have remained within bear market parameters of 20-60, nearing 60 last last week before stumbling, another defensive move. Joel.Marver@thomson.com
If one has exited a stock, it means that he felt the share price will not appreciate anymore. He will be looking at the stock price after selling his share holding for the next couple of days and maybe weeks to see if he did the right thing exiting.
If I had sold my holding, I will not even come to forum and discuss about the stock and would not even bother to come in and advise people to watch out for the pit hole. But there is a good hearted man coming here to give advise and even talk down the stock.
Playing in stock mkt is like a box of chocolate, you will not know what is inside the box (from forest Gump). Who will know what will be the price of the stock tomorrow, next week or next moth? If we found that the company has a gd fundamental, managed well, we should not looking at the short term price fluctuation. We all know stock does not travel in straight line, sometimes up and sometimes down. You wanted the price to go higher when it goes up and frown when it is down. And get very emotion. Stock is for clear minded people. Put in your $$, wait and wait, it will come back with profit one day.
I am not an expert in stock. But I have faith in this stock. I even got in a few more lots today at 4.44. I don't know if it will go up or down after that, but I am confident it will not fail me in the mid to long term. But I will have doubt in smaller cap company like Karin and Food Junction where now the price stayed stagnant with low volume and even going lower.
Who would you believe? I think it is wise to sit back and think about it. Believe people in market, don't fight trend? Or believe in yourself. I choose the latter. It's your $$, not his!
ooh dear, our resident giant is uphappy. cheer up, giant. i am sure iran will test some nuclear weapons soon.
geojam... my fav flower is tulips. it reminds me of the great stock market crash in holland becos of tulips
singaporegal... care to elaborate more on what the charts are saying.
thanks = )
Do not be alarmed but SPC's price action today. Its TA charts don't look that bad.
I dont mind if the price is depressed, at least there is movement. I dont mind if its flat if there is volume on both side (supply and demand). Flat liner with NO volume <- How wicked can that be. :)
I strongly agree with what victorian has just said. Look at this chart:
We been taken like an idiots for sticking to this counter. The long term value might be there but the counter just don't join the run. why don't everyone throw it till Apr with SPC thinks they are ready to attract investors!!!!
I think its only going up because of the dividend
But u got 400icecubes to cool it man.
Just watching this counter is giving me the sweats.
hmm...."driven upwards" ?? i only see price being pushed down leh...u posting in the correct column ?? hee
SPC appears to be ready to be driven upwards by the foreign funds...
For everyone here: be careful with time sensitive financial instruments. For those who are holding mother share i.e. SPC, don't forget the $350 dividend coming in April.
well...pure gut feel/luck and situational awareness....out of 5 time 4 time are correct so far :D
me too.
I will catch the falling knife so to say if it get to S$4.
hi, giantlow... me in the same boat.. but still hanging on...got really no choice... I am going to sleep it over... :)
I am very curious nickyng, how do you know when to short? peh fu...