Either breakout or breakdow from the symmetrical triangle next week.
Watch how it reacts at the trendline support and 20EMA. Not a good sign if price fall below this 2 levels.
Cnergy** still the cheapest...$2.46 $2.80....:)...
https://www.asiaone.com/money/petrol-diesel-pump-prices-25-march-middle-east-war-shell-drop-petrol-prices
teeth1953 ( Date: 26-Mar-2026 16:10) Posted:
| Company / Fuel 92-octane 95-octane 98-octane Premium Diesel
Caltex $3.43 $3.47 Not available $4.16 $3.73
Esso $3.43 $3.47 $3.97 Not available $3.93
Shell Not available $3.42* $3.94* $4.16* $3.93
Sinopec Not available $3.47 $3.97 $4.10 $3.72
SPC $3.43 $3.46 $3.97 Not available $3.66*
Cnergy** Not available $2.46 $2.80 Not available $2.80
Smart Energy Not available $2.61 $2.99 Not |
|
Company / Fuel 92-octane 95-octane 98-octane Premium Diesel
Caltex $3.43 $3.47 Not available $4.16 $3.73
Esso $3.43 $3.47 $3.97 Not available $3.93
Shell Not available $3.42* $3.94* $4.16* $3.93
Sinopec Not available $3.47 $3.97 $4.10 $3.72
SPC $3.43 $3.46 $3.97 Not available $3.66*
Cnergy** Not available $2.46 $2.80 Not available $2.80
Smart Energy Not available $2.61 $2.99 Not
(I mean not is...) company like to play with it stock...!
teeth1953 ( Date: 21-Mar-2026 21:09) Posted:
Look like this company like to play with is stock, this is not to good to stake holders and investors. (A stake in business who are vested interest, ownership share (equity), or financial involvement and so on...?.
JurongW ( Date: 21-Mar-2026 14:34) Posted:
Shooting Star
A classic shooting star has:
- Small real body near the session&rsquo s low.
- Long upper shadow (at least 2× the body length).
- Little or no lower shadow.
- Appears after an uptrend, signaling potential reversal.
📊 What We See in Union Gas
- Price closed at 0.5000, after a sharp upward move.
- The candlestick shows a long upper wick relative to the body.
- The body is small compared to the shadow, positioned near the day&rsquo s low.
- This came after a strong rally, which fits the context for a shooting star.
✅ Conclusion
Yes &mdash the last candlestick does resemble a shooting star pattern.
- It suggests buying pressure pushed price up intraday, but sellers forced it back down near the open/low.
- This is a potential bearish reversal signal, especially if confirmed by the next session&rsquo s candle (e.g., a red candle closing lower).
🧭 Calibration Note
- Confirmation needed: A single shooting star isn&rsquo t enough watch if price fails to hold above 0.50 and slips back toward 0.48&ndash 0.47.
- Volume check: If the shooting star formed on high volume, the reversal signal is stronger.
- Trend strength: ADX ~24 shows a moderate trend reversal signals can be more impactful in this zone.
👉 In short: the last candlestick fits the shooting star profile, hinting at possible exhaustion of the rally. The next 1&ndash 2 sessions will confirm whether it&rsquo s a true reversal or just a pause.
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Look like this company like to play with is stock, this is not to good to stake holders and investors. (A stake in business who are vested interest, ownership share (equity), or financial involvement and so on...?.
JurongW ( Date: 21-Mar-2026 14:34) Posted:
Shooting Star
A classic shooting star has:
- Small real body near the session&rsquo s low.
- Long upper shadow (at least 2× the body length).
- Little or no lower shadow.
- Appears after an uptrend, signaling potential reversal.
📊 What We See in Union Gas
- Price closed at 0.5000, after a sharp upward move.
- The candlestick shows a long upper wick relative to the body.
- The body is small compared to the shadow, positioned near the day&rsquo s low.
- This came after a strong rally, which fits the context for a shooting star.
✅ Conclusion
Yes &mdash the last candlestick does resemble a shooting star pattern.
- It suggests buying pressure pushed price up intraday, but sellers forced it back down near the open/low.
- This is a potential bearish reversal signal, especially if confirmed by the next session&rsquo s candle (e.g., a red candle closing lower).
🧭 Calibration Note
- Confirmation needed: A single shooting star isn&rsquo t enough watch if price fails to hold above 0.50 and slips back toward 0.48&ndash 0.47.
- Volume check: If the shooting star formed on high volume, the reversal signal is stronger.
- Trend strength: ADX ~24 shows a moderate trend reversal signals can be more impactful in this zone.
👉 In short: the last candlestick fits the shooting star profile, hinting at possible exhaustion of the rally. The next 1&ndash 2 sessions will confirm whether it&rsquo s a true reversal or just a pause.
muifan ( Date: 20-Mar-2026 14:51) Posted:
| high volume bearish shooting star... |
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This few days the company is not collecting any $$$.
Joelton ( Date: 21-Mar-2026 14:53) Posted:
&lsquo Marketing expenditure&rsquo : Union Gas CEO on how Cnergy is drawing petrol queues even as prices climb
CEO Teo Hark Piang says the company is intentionally absorbing rising wholesale oil prices to build market share
[SINGAPORE] As the global oil shock pushes pump prices at major petrol retailers well past the S$3 a litre mark, Cnergy&rsquo s stations continue to undercut the competition in what its management says is a calculated move to gain market share.
By keeping its prices significantly lower than the market average &ndash up to S$1 lower than the competition when excluding discounts &ndash the upstart Singapore brand has triggered localised traffic jams, gained social media fame and generated a surge of about 40 per cent in the share price of its parent company, Union Gas Holdings : 1F2 +1.01%.
But Union Gas is not relying on hedging strategies, where companies lock in oil prices months in advance to protect against market shocks, to keep pump prices down.
Instead, it is absorbing the rising wholesale costs directly, engaging in an aggressive customer acquisition play that relies on volume to offset tight margins.
&ldquo We make a very, very marginal profit... there are days that we really go without profits,&rdquo Union Gas chief executive Teo Hark Piang told The Business Times in an interview on Friday (Mar 20).
Acknowledging that the company treats the difference in cost as a &ldquo marketing expenditure&rdquo , Teo added that Cnergy is aiming to keep overheads low, so long as it does not suffer losses.
Operational bottlenecks
Even so, this hyper-aggressive pricing has introduced operational bottlenecks. At Cnergy&rsquo s Dunman Road outlet, the sheer volume of bargain-hunting drivers has caused localised congestion and blocked bus lanes, forcing the company to incur unexpected operational costs.
&ldquo I know the queue is terrible... we have deployed some of our guys to the site to control the traffic,&rdquo Teo said, acknowledging some responsibility.
Furthermore, the viral success of the petrol pumps is temporarily slowing down Cnergy&rsquo s electric vehicle (EV) ambitions. EV chargers, which are mandated at the stations, are underutilised as &ldquo EV (drivers) don&rsquo t want to be in the queue to come and charge&rdquo , said Teo.
Teo also revealed that he would advise tenants to delay opening planned snack bars at the Dunman Road and Queensway stations to prevent the queues from building further.
Still, Cnergy&rsquo s &ldquo loss-leader&rdquo strategy appears to be paying off on the trading floor. Professor Lawrence Loh of the NUS Business School calls the resulting queues an &ldquo effective publicity stunt&rdquo that has massively boosted Union Gas&rsquo s brand equity.
&ldquo Being a new player against a competitive field of energy retail giants, its offer of knockdown prices is the surest way to gain consumer attention,&rdquo Prof Loh noted, adding that investors are clearly looking past the short-term margin compression. &ldquo It&rsquo s... no pain, no gain.&rdquo
However, he cautioned that &ldquo the super-low prices cannot last forever&rdquo .
The Union Gas chief executive acknowledged that Cnergy will have to adjust prices upwards if the next cargo shipment is more expensive, but said the petrol station operator will try to maintain a gap with the majors.
Ultimately, Teo said, Union Gas is banking on customer goodwill to outlast the current oil shock.
&ldquo A partner in need is a partner indeed,&rdquo quoted Teo. &ldquo During difficult times, we stand by you. So maybe during peacetime... just come back and support us.&rdquo
|
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&lsquo Marketing expenditure&rsquo : Union Gas CEO on how Cnergy is drawing petrol queues even as prices climb
CEO Teo Hark Piang says the company is intentionally absorbing rising wholesale oil prices to build market share
[SINGAPORE] As the global oil shock pushes pump prices at major petrol retailers well past the S$3 a litre mark, Cnergy&rsquo s stations continue to undercut the competition in what its management says is a calculated move to gain market share.
By keeping its prices significantly lower than the market average &ndash up to S$1 lower than the competition when excluding discounts &ndash the upstart Singapore brand has triggered localised traffic jams, gained social media fame and generated a surge of about 40 per cent in the share price of its parent company, Union Gas Holdings : 1F2 +1.01%.
But Union Gas is not relying on hedging strategies, where companies lock in oil prices months in advance to protect against market shocks, to keep pump prices down.
Instead, it is absorbing the rising wholesale costs directly, engaging in an aggressive customer acquisition play that relies on volume to offset tight margins.
&ldquo We make a very, very marginal profit... there are days that we really go without profits,&rdquo Union Gas chief executive Teo Hark Piang told The Business Times in an interview on Friday (Mar 20).
Acknowledging that the company treats the difference in cost as a &ldquo marketing expenditure&rdquo , Teo added that Cnergy is aiming to keep overheads low, so long as it does not suffer losses.
Operational bottlenecks
Even so, this hyper-aggressive pricing has introduced operational bottlenecks. At Cnergy&rsquo s Dunman Road outlet, the sheer volume of bargain-hunting drivers has caused localised congestion and blocked bus lanes, forcing the company to incur unexpected operational costs.
&ldquo I know the queue is terrible... we have deployed some of our guys to the site to control the traffic,&rdquo Teo said, acknowledging some responsibility.
Furthermore, the viral success of the petrol pumps is temporarily slowing down Cnergy&rsquo s electric vehicle (EV) ambitions. EV chargers, which are mandated at the stations, are underutilised as &ldquo EV (drivers) don&rsquo t want to be in the queue to come and charge&rdquo , said Teo.
Teo also revealed that he would advise tenants to delay opening planned snack bars at the Dunman Road and Queensway stations to prevent the queues from building further.
Still, Cnergy&rsquo s &ldquo loss-leader&rdquo strategy appears to be paying off on the trading floor. Professor Lawrence Loh of the NUS Business School calls the resulting queues an &ldquo effective publicity stunt&rdquo that has massively boosted Union Gas&rsquo s brand equity.
&ldquo Being a new player against a competitive field of energy retail giants, its offer of knockdown prices is the surest way to gain consumer attention,&rdquo Prof Loh noted, adding that investors are clearly looking past the short-term margin compression. &ldquo It&rsquo s... no pain, no gain.&rdquo
However, he cautioned that &ldquo the super-low prices cannot last forever&rdquo .
The Union Gas chief executive acknowledged that Cnergy will have to adjust prices upwards if the next cargo shipment is more expensive, but said the petrol station operator will try to maintain a gap with the majors.
Ultimately, Teo said, Union Gas is banking on customer goodwill to outlast the current oil shock.
&ldquo A partner in need is a partner indeed,&rdquo quoted Teo. &ldquo During difficult times, we stand by you. So maybe during peacetime... just come back and support us.&rdquo
Shooting Star
A classic shooting star has:
- Small real body near the session&rsquo s low.
- Long upper shadow (at least 2× the body length).
- Little or no lower shadow.
- Appears after an uptrend, signaling potential reversal.
📊 What We See in Union Gas
- Price closed at 0.5000, after a sharp upward move.
- The candlestick shows a long upper wick relative to the body.
- The body is small compared to the shadow, positioned near the day&rsquo s low.
- This came after a strong rally, which fits the context for a shooting star.
✅ Conclusion
Yes &mdash the last candlestick
does resemble a shooting star pattern.
- It suggests buying pressure pushed price up intraday, but sellers forced it back down near the open/low.
- This is a potential bearish reversal signal, especially if confirmed by the next session&rsquo s candle (e.g., a red candle closing lower).
🧭 Calibration Note
- Confirmation needed: A single shooting star isn&rsquo t enough watch if price fails to hold above 0.50 and slips back toward 0.48&ndash 0.47.
- Volume check: If the shooting star formed on high volume, the reversal signal is stronger.
- Trend strength: ADX ~24 shows a moderate trend reversal signals can be more impactful in this zone.
👉 In short: the last candlestick fits the shooting star profile, hinting at possible exhaustion of the rally. The next 1&ndash 2 sessions will confirm whether it&rsquo s a true reversal or just a pause.
muifan ( Date: 20-Mar-2026 14:51) Posted:
high volume bearish shooting star....
Iceycoke ( Date: 20-Mar-2026 11:55) Posted:
| Oh.. So its lose money to capture more market share and to expand by having more branches. |
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Last:0.485 
-0.01
Lose $ to gain market share is not a viable biz
speculators have road run
high volume bearish shooting star....
Iceycoke ( Date: 20-Mar-2026 11:55) Posted:
Oh.. So its lose money to capture more market share and to expand by having more branches.
Joelton ( Date: 20-Mar-2026 10:10) Posted:
Union Gas jumps to 2-year high as queues at Cnergy petrol stations grow longer
SINGAPORE - Shares of Union Gas, which is listed on the Singapore Exchange (SGX), rose nearly 9 per cent to a two-year high of 50 cents on March 19, as queues at its Cnergy petrol stations in Singapore persisted for another day.
The shares rose 40 per cent over the past week as drivers caught wind of Cnergy&rsquo s lower petrol and diesel prices, even as rival providers raised theirs in tandem with rising oil prices.
Union Gas owns and operates three Cnergy petrol and diesel stations in Queensway, Dunman Road and Old Toh Tuck Road, where the price was $2.46 per litre for 95-octane fuel and $2.80 per litre for 98-octane fuel on March 19.
This is cheaper than what drivers pay for 95-octane at Caltex, Esso, Shell, SPC and Sinopec, which are now charging between $2.70 and $2.75 per litre after various discounts. Before the discounts, drivers pay between $3.46 and $3.47 for 95-octane.
Union Gas buys diesel and imported natural gas for its Cnergy fuel stations, so its costs are likely to have risen as oil and gas prices increase amid supply disruptions from the widening Iran conflict and as it continues to keep pump prices lower than its rivals.
The company, which mainly distributes liquefied petroleum gas (LPG) used for cooking, derives around 22 per cent of its revenue from the commercial sale and distribution of petrol and diesel.
For the latest financial year ended Dec 31, 2025, Union Gas reported record revenues totalling $137.9 million across its businesses, up almost 10 per cent year on year.
This was driven by an almost two-fold, or 93 per cent, jump in fuel station revenue to $30.3 million, supported by higher sales volumes and contributions from the Dunman Road station, which opened during the year.
However, the company&rsquo s costs grew at a faster rate, widening by 14.7 per cent year on year to $89.6 million for the full year. Notably, the fuel stations business incurred an overall loss of $1 million despite strong revenues.
This implies that Union Gas did not fully pass down higher costs to consumers in 2025, which was before the Iran war, said Mr Alvin Chow, co-founder of investor education platform Dr Wealth, in a March 19 note.
It could also explain how the company is currently managing to keep its fuel costs lower than its rivals.
Union Gas chief executive Teo Hark Piang, who could not be reached for comment on this story, told The Straits Times in a 2024 interview that the company&rsquo s strategy is to absorb higher costs in favour of customer loyalty and to protect market share.
This was also the case in 2022, when war first broke out between Russia and Ukraine in February that year.
Union Gas also keeps costs low through other measures. Cnergy customers noted that its stations employ fewer staff, with self-service tap-and-go pumps and a stored-value card system to reduce trans
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