China + Crude Oil = Momentum
If you have been following the energy markets lately you would have noticed that Light Sweet Crude hit an all time intraday high of $80.17 in electronic trading today. Whether the U.S. economic slowdown will put downward pressure on oil remains to be seen. I remain bullish on oil and crude oil trading volume. I am long both the NYMEX (NMX) and the Intercontinental Exchange (ICE). The global growth story will remain bullish for energy trading and demand. Today I increased my energy exposure with the addition of CNOOC (CEO), a Hong Kong based diversified energy company. CEO is more of a technical trade as it is one of the few energy stocks making 52-week highs.
Publicly Traded Chinese Energy Companies (Market Cap)
PetroChina (PTR) $260B
China Petroleum & Chemical Corp (SNP) $93B
CNOOC (CEO) $58B
I am long CEO, NMX, & ICE
Publicly Traded Chinese Energy Companies (Market Cap)
PetroChina (PTR) $260B
China Petroleum & Chemical Corp (SNP) $93B
CNOOC (CEO) $58B
I am long CEO, NMX, & ICE
posted by Big Ben at Wednesday, September 12, 2007
17 Comments:
Any ideas on what the down-side risk is in a recession that spreads across the globe? Right now, all analysts say oil may go down to the 40's in that scenario, which may not be so bad. But, what is the chance for it to go down to the 20's or below. We have large energy exposure with CanRoys and PetroChina.
Regards,
OneFamilysBlog@gmail.com
http://OneFamilysBlog.blogspot.com
By the way check this company MDFI. Their stock is set to increase because of their association with Apple iphone and Complete Care Medical. Find more about this company and stock http://www.growurmoney.com/medefile/
Weekly Trend for the Week September 17th - 21st 2007
BSE Sensex: (15604)
Nifty (4518)
17. 09. 2007
Market is in stretched zone.Technically trendis still intact up but due to overstretched, correction is due. Technically market to come down now. Its being 2 week market has not shown any significance movement and is trading in sideway zone due to which there is no trending movement.
Trend is still up but minor correction can’t be ruled out. It will be correction first then again up move and market will remain volatile throughout.
The crucial support for the Sensex is at 15348 the resistance to the up move at 15868-16222
The crucial support for the NIFTY is at 4444 the resistance to the up move at 4646-46700
Right now There are few scripts which are looking quite good from short term prespective. Buy them at declines .
Scripts are:-
1.PSTL
2.PENNINLAND
Please feel free to contact us
for any query.
Reagrds
SHARETIPSINFO
09891655316
09899056796
09891890425
Weekly Trend for the Week September 17th - 21st 2007
BSE Sensex: (15604)
Nifty (4518)
17. 09. 2007
Market is in stretched zone.Technically trendis still intact up but due to overstretched, correction is due. Technically market to come down now. Its being 2 week market has not shown any significance movement and is trading in sideway zone due to which there is no trending movement.
Trend is still up but minor correction can’t be ruled out. It will be correction first then again up move and market will remain volatile throughout.
The crucial support for the Sensex is at 15348 the resistance to the up move at 15868-16222
The crucial support for the NIFTY is at 4444 the resistance to the up move at 4646-46700
Right now There are few scripts which are looking quite good from short term prespective. Buy them at declines .
Scripts are:-
1.PSTL
2.PENNINLAND
Please feel free to contact us
for any query.
Reagrds
SHARETIPSINFO
09891655316
09899056796
09891890425
Looks like there was a nice trade in light crude over 80.20 today? Did you add any? Personally I'd like to see it take a breather before piling more on.
@ ks
I think it is unlikely for oil to even go down to the 20s even in a global depression. The reason is because Ben Bernanke will probably step up the money printing press before a depression can cause such a severe deflation of asset price.
Take a read of this article:
Money printing operations begin
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Few weeks back everyone was saying that there will be Bear market for next few years and now again everyone is showing interest and markets are rising again. However, I still feel that credit crisis and recession in US will still affect the World economies and investors must stay cautious.
Emerging Markets like Indian Share Market may still do good in the long term but there will be lots of choppy sessions. Hence Investing in India is recommended by every analyst.
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By the way check this company MDFI. Their stock is set to increase because of their association with Apple iphone and Complete Care Medical.
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Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°.
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Hi,
Indian stock market is one of the most volatile market. Its two main stock exchanges are NSEand BSE. Both exchanges generally follow same trend.
NSE and BSE offers platform for investment in Indian stock market. In India there are many traders who prefer NSE over BSE as they consider BSE
as more volatile exchange but truth is that all exchanges be it NSE, BSE or LSE are volatile and should not be considered as a place for speculation.
One should strictly follow technical analyses if they want to earn regularly from any stock market.
Please remember analyses of stock market be it technical or fundamental do help!!
Regards
SHARETIPSINFO TEAM
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