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Beng Kuang
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New CEO and Placement, Positive Things Brewing?
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Damnshiok
Master |
08-Apr-2024 12:54
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I always see you promote yourself winning and perhaps that give the impression.. haha..
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ThankYou
Supreme |
08-Apr-2024 12:51
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Any stocks to recommend bro? Long only?
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noobnub
Supreme |
08-Apr-2024 12:50
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i didnt buy how to win? but in your mind i am always winning because i am like your idol haha
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Damnshiok
Master |
08-Apr-2024 12:41
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You seem to always win and always very zhun.. you must be very good in playing marbles when young
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piscesmonkey
Supreme |
08-Apr-2024 12:07
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Wow this one speed boat 😄 | ||||
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WBdisciple
Elite |
08-Apr-2024 11:43
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I recommend that investors in Beng Kuang look at their slides (particularly on ASOM..their star highlight mentioned in their press releases): https://www.bkmgroup.com.sg/frontend/web/index.php?r=attachment/download& id=1258 | ||||
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noobnub
Supreme |
08-Apr-2024 11:20
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watching to short but end up didnt short...went to see other stocks
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tedlim
Veteran |
08-Apr-2024 11:11
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wah..Dun see any more sellers... | ||||
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TraderBen
Supreme |
08-Apr-2024 11:06
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lost 1 pip?
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tofudidi
Supreme |
08-Apr-2024 11:00
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Shortist buy back higher. Got caught by the drop of oil px thinking can make fast coffee. 150 coming | ||||
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Damnshiok
Master |
08-Apr-2024 10:54
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Chow Tar...
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WBdisciple
Elite |
08-Apr-2024 10:54
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Oil&rsquo s under-the-hood signals tell tale of bullish market
THE global oil market has gone from languid to lively in the space of a few weeks, with Brent futures blowing past the key US$90-a-barrel threshold as critical gauges flash steadily more bullish signals.
The surge in headline prices &ndash with Brent now up 18 per cent this year &ndash has been driven by a combination of supply constraints including Opec+ curbs, robust demand, and wider geopolitical risks, especially in the Middle East. Many refined-product markets are also strong, with petrol posting big gains.
As traders weigh the possibility that US$100-a-barrel crude could make a comeback, the momentum is diverting their attention from the possibility of a cease-fire in the Middle East, as well as the impact of higher prices on refinery margins. Here&rsquo s a rundown of the main indicators that are painting a more rosy picture for bulls.
US$100 options
Options markets have taken on a stronger tone as geopolitical tensions ratcheted higher, with Teheran vowing retaliation against Israel after an airstrike killed an Iranian general. Call options, which profit when prices rise, are trading at a rare premium to bearish puts, and volumes for protection against a spike in prices &ndash even beyond US$100 &ndash have surged.
&ldquo What is underpinning the move is financial markets,&rdquo Ed Morse, a senior adviser at Hartree Partners, said in a Bloomberg Television interview. &ldquo With the rise in tensions in the Middle East, there certainly is an increase in call buying for Brent.&rdquo
Spreads surging
The shape of the futures curve is now pointing to strength. The spread between the nearest two December contracts, a favoured trade for speculators, is back to the widest since October.
That represents increasing confidence in a tight market, something that&rsquo s also supported by firmness in pricing signals at the key US hub in Cushing, Oklahoma. There, nearby prices recently traded at large premiums to later ones, while the so-called WTI cash roll traded outside of its usual window, suggesting inventories are unexpectedly low.
Technical signs
Following its breakout from the narrow range early in the year, Brent&rsquo s technical picture looks much more solid. On Thursday (Apr 4), the global benchmark&rsquo s 50-day moving average topped its 200-day counterpart for the first time since August. That pattern could spur additional buying from trend-following funds. Prices may also be forming a double-bottom that could pave the way for US$112, Bank of America analyst Paul Ciana wrote in a note.
However, Brent&rsquo s run of gains have also lifted its 14-day relative-strength index above the level of 70, a threshold that suggests to some traders the advance has been too swift and a pullback may be due.
Funds buying
Money managers have been piling into bullish bets on oil as indicators improve, with positioning in Brent at a fresh 13-month high and positioning in US crude at the most bullish in about six months. Trend-following algorithmic traders, known as CTAs, are now estimated to be as long as they can be in crude futures, although that can leave the market vulnerable to some short-term selling.
&ldquo Unless WTI crude prints a new high, CTA trend-followers could now be set to offload some recently added length,&rdquo said Daniel Ghali, a commodity strategist at TD Securities. &ldquo Imminent buying exhaustion could easily morph into selling activity in crude oil markets.&rdquo
ETF inflows
Flows into commodity markets more broadly have also been turning positive for the first time in months as US inflation gauges remain elevated. Broad-based commodity exchange-traded funds (ETFs) pulled in cash in March for the first time in five months, while the largest cross-commodity product has seen a run of inflows as traders dip their toes back into markets for raw materials.
Product margins
As crude prices advance, traders are increasingly focused on the profits refineries make from turning crude into fuels. Petrol has been the runaway product in recent months, with benchmark futures about 33 per cent higher this year, as refining margins also rally above seasonal averages.
Still, some traders see a hint of caution in naphtha &ndash a product that&rsquo s used to make plastics. In both Asia and Europe, margins for the fuel are at five-month lows, making that one indicator that&rsquo s offering a red flag even as prices continue to power higher.
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tedlim
Veteran |
08-Apr-2024 10:47
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Good advice from WB disciple last Fri
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noobnub
Supreme |
08-Apr-2024 10:41
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so strong all contra winners
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noobnub
Supreme |
08-Apr-2024 10:13
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very strong today i go see other stks hahaha bbs let retailers take profit on them hahaha
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Giant8888
Senior |
08-Apr-2024 10:04
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Shortists beware. This one can run crazy to hit 40 mil cap soon.
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Stocky901
Supreme |
08-Apr-2024 09:57
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Shortists burnt chow tar.. 😁 | ||||
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ThankYou
Supreme |
08-Apr-2024 08:58
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👍
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noobnub
Supreme |
08-Apr-2024 08:44
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lets watch for shorting kopi
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TraderBen
Supreme |
05-Apr-2024 20:26
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Today I received BK?s annual report. Still the old sch type of a thick book. Should have done away with this. Anyway I have sold all BK holdings at 130 ytd. Waiting for chance to buy back | ||||
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