The Rise and Return of O&G... NOW?

2 big news from O&G industry in the last month of 2016.

2 gap ups in the Brent Oil chart [1]

Notice that there are two gap ups? I had labelled A and B in the chart above. A happened when OPEC (Organization of Petroleum Exporting Countries) agreed to first ever production cut in 8 years[2]. It happened on 30 November 2016. The gap up in B happened immediately after non-OPEC and OPEC producers agree on output cut[3]. 

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Window Dressing and Next Targets?

December month is coming. Christmas decorations and Christmas songs are just around the corner. And not to forget to go for shopping or window shopping as there are a lot of sales now~ Talking about window shopping, let's talk about window dressing activities in Malaysia. The discussions below are solely for reference. Let me remind, just a reference.

Let's take a look at our index from 2011 till now.

FBMKLCI Chart

Our index had been bullish till 2014, when the oil price drops from USD110 to USD45. As Malaysia is an oil exporter country, of course it affected our index also. The highest of our FBMKLCI is 1892.33 on 24 June 2015, now we are sideway-ing around 1600 and 1700. We had been in bull and bear market and now we are recovering slowly. I would like to show a table which shows the myth of window dressing really happens...