Do you see a slighlt positive difference?

slstock wrote:Guys ,
I could be completely wrong. Do you see a slight positive change in the buying and selling patterns. It a bit too early to say as things can change , but the last few days i notice a small improvement in how the sellers and buyers behave. Do you also see anything different so far?

The Volumes is still a problem though. Today and tomorrow might be important days to see which way it will go again. Up or down.

sapumal wrote:This is not to give a negative thoughts. But just to update

Oil price is fell bellow 90 from 120. This is a good thing in short term. All the transportation costs will be reduced. energy prices will go low. But if you think why oil price is fell , you will find that global economic status is not good , specially in Europe. But still it is not certain about Euro debit crisis. Just be alert with very recent developments.

slstock wrote:

sapumal wrote:This is not to give a negative thoughts. But just to update

Oil price is fell bellow 90 from 120. This is a good thing in short term. All the transportation costs will be reduced. energy prices will go low. But if you think why oil price is fell , you will find that global economic status is not good , specially in Europe. But still it is not certain about Euro debit crisis. Just be alert with very recent developments.

Two sides to the story. Micro ( local) and Macro ( global). The macro also need to improve for bigger foriegn players. But any improvments internally (micro) can atleast lead to some short term uptrend. CSE in myopinion was beaten down too much not reflecting most compnies. Many companies trade below NAV and PE below 5.

Oil price may halve to $50 by Q3 - Credit Suisse
14 Jun 2012 | 07:57
Dan Jones
Categories: Commodities Topics: Oil | Opec | Credit suisse
Brent crude oil prices could drop by almost 50% to $50 a barrel within the next three months if the eurozone crisis escalates, Credit Suisse has said.

The drop would be dependent on negative newsflow driven to a greater or lesser extent by events in Europe, analysts said, prompting a collapse in trading and global activity resulting in surplus oil supply.

Brent crude is currently trading at a settlement price of $97.14 a barrel, having fallen to a 16-month low of under $97 earlier this month on renewed concerns over global growth. The European benchmark price has shed almost 25% since early March.

The Credit Suisse note said their worst case scenario would also see the WTI crude price fall to $40 a barrel, a price level close to the lows seen in 2008, when the US benchmark fell as low as $30 a barrel at the height of the financial crisis.

Though prices may not touch those levels this year, Credit Suisse warned global imbalances are now more pronounced than in 2008 and said economic and political opportunities had been squandered in the interim.

If prices were to halve, a glut of supply would prevent Brent crude from moving beyond $80 a barrel until 2014, the bank said.

The bank's base case is for Brent to average $125 a barrel this year, but the analysts said the reasoning behind that forecast had "evidently been shaken" and is "very optimistic on global growth".

OPEC members meet today in Vienna and are expected to maintain their current output target of 30 million barrels, despite some members expressing concern that increased production from Saudi Arabia has been depressing prices.

Read more: http://www.investmentweek.co.uk/investment-week/news/2184224/credit-suisse-oil-price-halve-usd50-q3#ixzz1xkkoJfeG
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Redbulls wrote:As I said before in another thread, before the REEF warrant date the market will be made attractive.

Redbulls wrote:As I said before in another thread, before the REEF warrant date the market will be made attractive.

Malika1990 wrote:

Redbulls wrote:As I said before in another thread, before the REEF warrant date the market will be made attractive.

Date is June 15 isn't it. I think there is no relationship between cutoff date and this uptrend

slstock wrote:A few large transactions on consistant basis might help the cause. Turnover and volume is an issue. There can be still sellers willing to part at the slightest hesitation.

Maybe a technical analyst can also say something here. What about tech signals. RSI, MACD etc etc. Cash flow is improving though voume is less.

Redbulls wrote:As I said before in another thread, before the REEF warrant date the market will be made attractive.

slstock wrote:Guys ,
I could be completely wrong. Do you see a slight positive change in the buying and selling patterns. It a bit too early to say as things can change , but the last few days i notice a small improvement in how the sellers and buyers behave. Do you also see anything different so far?

The Volumes is still a problem though. Today and tomorrow might be important days to see which way it will go again. Up or down.