Black gold play, US or Gulf Countries, who ia dominating?

When we talk about crude oil, who is dominating?

Are they? who are from Dubai Mercantile Exchange

Or they? Who are from New York Mercantile Exchange

The global crude oil benchmark, which is globally traded NYMEX front-month crude oil future, has recently reached 70dollars, buoyed by big speculation, in line with bullish global equity markets, and increase in US treasuries yield, giving sign of the start of receovery, and demand of higher risk investment. The 70dollars crude oil is welcomed by world's big oil exporters, especilly OPEC members, recall that OPEC member had always urged to correct the price level to ideal 70dollars, since the global recession, to avoid woes of halted exploration and for stability of future supply, after about a year, OPEC eventually gets what they desired, is it caused by OPEC's production cut? probably yes, but it's not a significant factor, on the other hand, when US' handful of economic data are announced, commodity market is ignited, especially black gold market, where prices rose steadily, this is in contrast when compared with Persian Gulf's action. Persian Gulf countries announed production cut, which only ignited a short term spike in global oil prices, giving less momentum to support oil price, from the comparison, dennis has got insight that, black gold prices market is still not dominated by OPEC, but by US traders's speculation, which speculates on positive economic data, better existing home sales, fewer jobless claims, increasing consumer and business confidences, for instances, and the market is still drove my speculation, rather than supply-and-demand figures, dennis thinks OPEC still need to struggle to be more influential in oil market.

exponential moving average

dennis might be able to see reversal, hence buying signal in KNM (7164.KL), an leading oil and gas process engineering equipment provider in malaysia, it isn't only an hot company solely because of good fame in its business field, but it is being the most actively traded stock counter in bursa malaysia, most the days in a year, it has satisfying daily trading volume for technical analysis rules to be applies on it, which causes dennis to describe it as a "terrific" or "amazing" stock counter for technical analysis......

dennis is wondering why is technical analysis is so powerful in securities price prediction, to the extent that many professional analysts are applying it, or at least paying attention to it, whether they agree or disagree with technical analysis approach......

there is a big question mark in dennis' mind , but before the doubt in his mind about technical analysis approach is fading away, he is already a practitioner of technical, a junior in this field..... rather than fundamental analysis.

pic of the day

dennis was simply surfing internet, at a very dull and high temperature afternoon, he was looking for some ong tee keat's profiles and history, and surprisingly, this was a certainly wrong but exceptionally interesting pic he found using google image search with keyword "ong tee keat", dennis seemed to be fated to be entertained by this funny pic, it seems to be a suitable analogy to our very own country's politic arena, where both the pakatan rakyat and barisan nasional are playing in "malaysia playground" but it's a bully indeed, n obviously. hey... big boy, be gentle la....

street fighther

what happened to them recently? those "youths" must had spent too much time in playing street fighter game during their childhood.... act even the same style in parliament too?

guess of the day. who is hero?

while jail may destroy good fame of an ordinary person, it wasn't always to be the same case for everyone. stepping into jail wasn't a failure for him but an ignition of reformation. he is hero, but mr. najis isn't.

guess of the day. what he was doing in pwtc?

oooooooo.... i see, he was INTEGRATING all races of malaysia with KERIS.......

it's not just a number plate.

while the crowd is aggressively seeking for safe haven for their cash to be put, or for their cash to be grown in two or more folds, the investment instrument is always the issue, but what does dennis realizes is, the first thought of most of the crowd may be stocks, which is a common term in united kingdom, shares, which is commonly called in united states, or, to show professionalism, we categorize them as equity market, and now, it sounds better, but strange to many...

well the terms are not worth to be discussed, dennis has to stress on perception of general public, perception on what can they do to grow their net worth? to be fair, dennis has to declare that he is not a person that is wise in earning money or even has great wisdom in field of investment, the purpose of this particular post is to suggest an investment, which general public may have overlooked it's future value, when they only focus on their current purpose, which does not seem to bring an immediate value to owner, this is the point of interest, are there any other alternative investment? which means, other than equities, mutual funds or ETF...

here is the quote of definition from wikipedia,
"Investing is the active redirecting resources from being consumed today so that they may create benefits in the future; the use of assets to earn income or profit."
so do you think that u have narrow sight on investment?

let's see, what can you spot from this eye-catching picture....

this is a cool brand new nissan GTR, which costs buyer about a million ringgit from naza world, to be a remark, the price is valid during the launching period, and dennis doesn't know about the current price.

while all the visions are attracted by the outstanding racing machine, the spot which has been left out is, which dennis expects will be a wise, alternative and indeed, gainsaying investment, is the "WRC 1" vehicle registration number, why does dennis says so?

if you are a motor-fans , or if u are addicted to luxurious imported cars which are sold in mofaz or naza world, you should have noticed that, the price of a re-conditioned japanese or european car, which indicates the depreciation of the price of the machine itself, when it's compared with the selling price of brand new unit from authorized importer.

meanwhile, if you have enthusiasm to identify your vehicle with extremely nice plate number, or have been involved in open tender of vehicle registration number, market price of a single digit plate number will not be a strange number to you, for instance, the latest hottest topic in this field of luxurious vehicle identification are "JJJ 1 for RM150,000" and "TAN 1 for RM200,000"...



to give a better resolution, what does dennis intends to mean is, a special vehicle registration number, which is short in length, containing hidden meaning and high in selling price, is always be considered as a course of luxurious solely, but the hidden value behind it, which is, at least to be value preservation, if there is no value appreciation, please to bear in mind that, special vehicle numbers are similar to antique, in terms of price trend, which is always to be more expensive as it becomes more ancient, meanwhile the initially expensive racing machine will keep on depreciating in value, this is in greater extent if the purchased car ia a chevrolet, alfa romeo, citroen or peugeot, which are european brands that are not highly appreciated in malaysia...

so now isn't owning a special plate number a good counter-inflation method? beside being an identification of some high-pofile persons, shall we consider to categorize it as alternative investment, instead of showing-off of rich big-daddys? by now, hopefully in blog readers' mind, investment is not just buying of securities in equity or debt markets, it can be any course that can make future profit, chinese tea and liquor are another good, fast emerging options as alternative investment, which is as stated in definition of "investment". you may not agree with dennis, but it may be fact...

finally, dennis got his very own one, it means his day of birth =) moderately nice and reasonably priced, with hope of some future value.


yes, that was his full name, saw it on the announcement board at the road transportation department in ipoh, he was extremely excited when he had successfully bid it.