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we need to provide good sentiment to encourage others hold on to their stocks and buy more when she dips.
I provided 2 links in my previous comments a few minutes ago on latest spot and basket price. pls check.
azlan.. about US SPR, strategic petroleum reserves which its sole purpose to provide crude oil for any disasters in US, only has 600-700mil bbl as of 2021.U dont worry ahout US using oil reserves so much. As long as US goes head on, do or die with russia, oil price will always find its way to the top. US SPR crude oil only costs USD30bbl. US sells to EU at spot and basket price around USD108bbl excluding transportation charges. It takes 14 days to reach market after presidential order.
Well at the moment stochastic chart shows 2 lines already above overbought, also from traded summary many ppl sold at 1.27.... Like 20buy vs 32sell.....if nobody push above 1.28 or 1.29..... Candle might go south for real... Anyway who's scare they can just sell and take profit.... I'll still holding this till August
There is no reason to sell if you do long term. If you do day trading or short term, you can adjust your positions e.g. liquidate and acquire back. Everyday brent oil above USD65 allows Hibiscs to make a lot of profit. Many O&G companies e.g. Royal Dutch, ExxonMobil, Chevron made more than triple in recent quarterly report.
The higher hibiscs price go now, the more you can get profit in their next quarterly report.
they fooled us. Led us to think hibiscs will climb higher. then they short in tens. we fought back and lost 4sen.
In day trading, what happen on the previous day doesnt have affects on the next day except if there is a bad news.
tomorrow, we start new. try not to give specific so much here. they are watching and they are many.
candlestick tells us how market reacts on that day. I dont recommend you make conclusion just by looking at your candlesticks. You need to look whats behind the candlestick.
There is evidence despite huge quantity of oil reserves gathered a few days ago, indicators showed that oil shortage still there. Two days ago, crude oil futures climbed and paused at USD108. We thought US and their allies successfully capped crude oil price.
But yesterday, brent oil futures leap over USD110. Hibiscs earning for last year was around 8sen at USD25 net profit when average crude oil at USD85. Now crude oil price is USD110bbl. Hibiscs estimated earning is around 2.5x at 8,000bpd alone. Just imagine how much that be since hibiscs already start producing 23,000 bpd?
Window to next QR is closing. Get a piece of hibiscs now while you can.
I won't wait for 1.0 because 1.0 is still not worth for this counter it will be below 1.0 just don't know why there's so many fans here thinking it will go up to 2.0 or 3.0 dreaming all day
Naoki, I am going dark from now on but I like to keep in touch with you. I mean you no harm. If you agree, I can be reached at
nazr690519 at gsuratdotcom
Introduce your klscreener username & who is our Mr Bean
@葉 i can tell u this... From Jan till now... There's a uptrend bottom support line(not particular)... Last Friday already stepping on the support line... It might support it... It might also possibly to rebound.... But most likely going to break through if based on chart... Brent crude 119 & 115 increasing.... Who knows what's going to happen....