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  • Any idea whats the benefit MR is keeping as a buffer. Decline is welcome, what will happen if its RISES, then MR will not increase neh.
    "The best values today are often found in the stocks that were once hot and have since gone cold"

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    • Crude oil has been tanking as it breaks 3-year rising support. So where does long-term support come into play?

      This chart looks at crude over the past 35 years. Crude spent most of the past three decades inside of rising channel (1). It hit the top of this channel back in 2008, where it has created a series of lower highs ever since.

      The rally off the 2016 lows saw it hit its 38% retracement level at (2), where it looks to have created a monthly double top at this key resistance level.

      Crude oil is breaking down after the double top, which suggests that over time, it could test rising channel support at the $39 level at (3).
      "The best values today are often found in the stocks that were once hot and have since gone cold"

      Comment


      • Another Reduction. Is this done in an ad-hoc method to please the consumers, what will be the implication if OIL price rises in the world arena ! So some confusion for us, as this seem a politically motivated decision.
        Lets wait for the outcome from the supreme court.

        If a Investors can weather out CSE with such turmoil, they can survive in any other markets neh.
        "The best values today are often found in the stocks that were once hot and have since gone cold"

        Comment


        • Will USOIL go down towards 40-35 levels, looking at the candles, gives me the impression we might see its heading that way.
          "The best values today are often found in the stocks that were once hot and have since gone cold"

          Comment


          • How about towards 20$ ?

            Comment


            • MT trend looks downwards and can stay down for some time due to situation in the MIddle east, etc.
              Very LT trend still is towards USD 85 approx based on current variables.

              Comment


              • LIOC issues are more local.

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                • what i heard was the full benefit has not been passed onto the consumers, need it to be verified. are they helping LIOC tacitly.

                  the trend has turned out to be neutral, so i expect to hold the support and any dip is opportunity.

                  we may target 45rs on better days! so hold on.
                  "The best values today are often found in the stocks that were once hot and have since gone cold"

                  Comment


                  • Crude below 50

                    US crude drops 2.6% to 14-month low, settling at $49.88, on oversupply concerns. Oil prices settle below $50 a barrel for the first time since October 2017 on signs of oversupply in the United States.

                    https://www.cnbc.com/2018/12/17/oil-...-in-focus.html

                    This will provide very good batting wicket to new Gvt. and let's hope they will not blunder and instead act fast on economic development. As Rs is strengthened bit and weather holding good pitch is ready for them to act fast

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                    • Another chance thanks to Maru Sira.

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