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Not to worry . This is to flush out the weak ones . You can ask yourself , those 8 millions plus shares bought by weak retails or strong holders ? Today?s volume is healthy and MM is a cash rich firm , usd68.69 mil cash on hand , so just need to be patient .
Buy shares base on hope? Buy shares thinking shorist will chase the share up? No wonder all your predictions on ALL Counters comes to nothing. In Singapore, play shares need more than these wishy wishy luck, you need insider manipulation infor.. told you long ago These industry cannot touch despite oil price recovery.
WL123456 ( Date: 29-Mar-2018 15:53) Posted:
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Keep gg down...jialat
Shorters at work . Hopefully props can come in and catch them naked . Then they have to buy back and cover . These shorters take advantage of weak retail purchasing power . If our retail is strong enough , shorters will find no meat in MM.
sian man ... keep selling down...
Oil on the rise again. Those vested in O and G will like it .
By Henning Gloystein (29/03/2018 1400)
SINGAPORE (Reuters) - Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019.
U.S. WTI crude futures (CLc1) were at $64.62 a barrel at 0354 GMT, up 24 cents, or 0.4 percent, from their previous settlement.
Brent crude futures (LCOc1) were at $69.81 per barrel, up 28 cents, or 0.4 percent.
The Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) together with a group of non-OPEC producers led by Russia started cutting output in 2017 to rein in oversupply and prop up the market.
Brent, off which OPEC prices most its crude exports, has risen by around a quarter since then, which has lead to speculation that the restraints on production may be lifted.
But sources at OPEC told Reuters this week that the group and its allies were set to keep their deal on cutting production for the rest of 2018.
Despite this, Brent remained below $70 and WTI under $65 per barrel, weighed by rising crude inventories and production in the United States.
Commercial U.S. crude inventories rose by 1.6 million barrels in the last week to 429.95 million barrels, the Energy Information Administration (EIA) said on Wednesday.
U.S. crude oil production hit a record, at 10.43 million barrels per day (bpd) . That puts the United States ahead of top exporter Saudi Arabia. Only Russia pumps out more, at 11 million bpd.
In China, Shanghai crude oil futures (ISCc1) opened Thursday's morning session down nearly 2 percent, pushing the new market close to parity with U.S. prices.
The latest drop takes the fall since the contract's launch on Monday to 10 percent.
Despite high volatility this week and some remaining scepticism about Shanghai's trading hours as well as doubts about the process for physical delivery of crude under contract, most analysts expect the contract to establish itself as a third global oil price benchmark next to Brent and WTI.
Goldman Sachs (NYSE:GS) said in a note to clients that there was "finally, an exchange traded price for Chinese crude oil."
The U.S. bank said Shanghai's "start of trading was relatively successful (as)... it is the first onshore Chinese commodity contract that allows direct trading by foreign investors and is denominated in RMB (yuan), indirectly promoting the use of the Chinese currency."
Goldman said Shanghai crude futures represented 3 percent of combined WTI and Brent trading volumes since its launch on March 26.
Written By:
Reuters
By Henning Gloystein (29/03/2018 1400)
SINGAPORE (Reuters) - Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019.
U.S. WTI crude futures (CLc1) were at $64.62 a barrel at 0354 GMT, up 24 cents, or 0.4 percent, from their previous settlement.
Brent crude futures (LCOc1) were at $69.81 per barrel, up 28 cents, or 0.4 percent.
The Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) together with a group of non-OPEC producers led by Russia started cutting output in 2017 to rein in oversupply and prop up the market.
Brent, off which OPEC prices most its crude exports, has risen by around a quarter since then, which has lead to speculation that the restraints on production may be lifted.
But sources at OPEC told Reuters this week that the group and its allies were set to keep their deal on cutting production for the rest of 2018.
Despite this, Brent remained below $70 and WTI under $65 per barrel, weighed by rising crude inventories and production in the United States.
Commercial U.S. crude inventories rose by 1.6 million barrels in the last week to 429.95 million barrels, the Energy Information Administration (EIA) said on Wednesday.
U.S. crude oil production hit a record, at 10.43 million barrels per day (bpd) . That puts the United States ahead of top exporter Saudi Arabia. Only Russia pumps out more, at 11 million bpd.
In China, Shanghai crude oil futures (ISCc1) opened Thursday's morning session down nearly 2 percent, pushing the new market close to parity with U.S. prices.
The latest drop takes the fall since the contract's launch on Monday to 10 percent.
Despite high volatility this week and some remaining scepticism about Shanghai's trading hours as well as doubts about the process for physical delivery of crude under contract, most analysts expect the contract to establish itself as a third global oil price benchmark next to Brent and WTI.
Goldman Sachs (NYSE:GS) said in a note to clients that there was "finally, an exchange traded price for Chinese crude oil."
The U.S. bank said Shanghai's "start of trading was relatively successful (as)... it is the first onshore Chinese commodity contract that allows direct trading by foreign investors and is denominated in RMB (yuan), indirectly promoting the use of the Chinese currency."
Goldman said Shanghai crude futures represented 3 percent of combined WTI and Brent trading volumes since its launch on March 26.
Written By:
Reuters
I think it?s better to ignore all this noises when it comes to oil. Just hang on as the price will change everything . Anyway , Compliments from me for those vested in oil :
WTI AND BRENT OIL ANALYSIS 28 MARCH 2018
Crude Oil prices declined on Wednesday, with West Texas Intermediate (WTI) trading below $65 and Brent back below $70 per barrel. The drop came in response to a surprise inventory build in the American Petroleum Institute (API) data released on Tuesday, that reported a 5.3-million-barrel rise in crude stocks. Last week, crude had seen an impressive recovery to two-month highs due to geopolitical risks, with speculation that the U.S. president and Saudi Arabia?s crown prince discussed the resumption of sanctions on Iran. However, the market is again focusing on U.S. oil production, which continues to oversupply global markets. This comes despite Saudi Arabia reporting it was working with Russia on a long-term deal to control world crude supplies by major exporters.
Official inventory data from the U.S. Energy Information Administration (EIA) is due out later on Wednesday and should be watched for further clues.
US WTI Oil
In the 4-hourly timeframe, WTI failed to break the January highs of 66.50. The bearish reversal will find support at 64.10 and then 62.50 before once again testing major horizontal and trend-line support at 60.10. If WTI turns bullish, a move over 66.50 would be a breakout and WTI may attempt to reach for the 70.00 handle. Overhead resistance is thin, as these price levels have not been seen since 2014.
WTI 4-Hour Chart
UK Brent Oil
In the 4-hourly timeframe, Brent also failed to break the January highs of 70.50. The decline will likely find support at 67.60 and then 65.25. However, a drop below major trend-line, horizontal and daily 200MA support at 61.60 is needed for a deeper correction. A bullish breakout above 70.50 could see Brent reaching for the 75.00 level, which has not been seen since 2014.
Brent 4-Hour Chart
Thin resistance means higher prices . Anyway , at $70 a barrel , there?s profit for all.
WTI AND BRENT OIL ANALYSIS 28 MARCH 2018
Crude Oil prices declined on Wednesday, with West Texas Intermediate (WTI) trading below $65 and Brent back below $70 per barrel. The drop came in response to a surprise inventory build in the American Petroleum Institute (API) data released on Tuesday, that reported a 5.3-million-barrel rise in crude stocks. Last week, crude had seen an impressive recovery to two-month highs due to geopolitical risks, with speculation that the U.S. president and Saudi Arabia?s crown prince discussed the resumption of sanctions on Iran. However, the market is again focusing on U.S. oil production, which continues to oversupply global markets. This comes despite Saudi Arabia reporting it was working with Russia on a long-term deal to control world crude supplies by major exporters.
Official inventory data from the U.S. Energy Information Administration (EIA) is due out later on Wednesday and should be watched for further clues.
US WTI Oil
In the 4-hourly timeframe, WTI failed to break the January highs of 66.50. The bearish reversal will find support at 64.10 and then 62.50 before once again testing major horizontal and trend-line support at 60.10. If WTI turns bullish, a move over 66.50 would be a breakout and WTI may attempt to reach for the 70.00 handle. Overhead resistance is thin, as these price levels have not been seen since 2014.
WTI 4-Hour Chart
UK Brent Oil
In the 4-hourly timeframe, Brent also failed to break the January highs of 70.50. The decline will likely find support at 67.60 and then 65.25. However, a drop below major trend-line, horizontal and daily 200MA support at 61.60 is needed for a deeper correction. A bullish breakout above 70.50 could see Brent reaching for the 75.00 level, which has not been seen since 2014.
Brent 4-Hour Chart
Thin resistance means higher prices . Anyway , at $70 a barrel , there?s profit for all.
NextEvolution ( Date: 29-Mar-2018 07:35) Posted:
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The current price movements (down) is not so much trailing crude oil price movements.
Even when crude oil prices up, our locally listed O&G co. can still sell down and down a lot more when broader market down.
So the trading pattern currently is fear or sentiment driven. Just open your eyes to seek out opportunities and buy in when Price Action change to your favour.
Example for yesterday, good earning co. were sold down yet loss making co. can turn green in a sea of red
Even when crude oil prices up, our locally listed O&G co. can still sell down and down a lot more when broader market down.
So the trading pattern currently is fear or sentiment driven. Just open your eyes to seek out opportunities and buy in when Price Action change to your favour.
Example for yesterday, good earning co. were sold down yet loss making co. can turn green in a sea of red
WL123456 ( Date: 29-Mar-2018 07:23) Posted:
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Relax dude , here?s a reason why u must hold .
By Alex Lawler and Rania El Gamal
LONDON/DUBAI (Reuters) - OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output.
OPEC, Russia and several other non-OPEC producers have curbed output since January 2017 to erase a global glut of crude that had built up since 2014. They have extended the pact until the end of 2018, and meet on June 22 to review policy.
The deal has boosted oil prices (LCOc1), which topped $71 a barrel this year for the first time since 2014. They were close to $70 on Wednesday. But it has also encouraged a flood of U.S. shale oil, fuelling a debate about how effective the curbs are.
"June will be a rollover until the meeting later in the year to make a decision for next year, depending on market conditions," an OPEC source from a major Middle East producer said, referring to the supply-cuting deal.
The source said achieving a balance between supply and demand in the second half of 2018 was "the most likely scenario, if production, demand and compliance levels stay as now."
The chance of a significant tweak to the deal being agreed in June is low, most OPEC delegates say. But some officials are privately talking about the issue, a sign that prices have risen more strongly than expected.
"The level of oil prices from now until the June meeting is going to affect the decision at that time," said a non-Gulf OPEC source, who asked not to be identified by name.
"Prices between $60 and $65 can support the continuation of the agreement for the rest of 2018," he said, referring to benchmark Brent crude. "A very high price could convince the parties to the agreement to reconsider it."
The deal has delivered an even bigger cut than called for, mainly because of a drop in Venezuelan production, where output is collasping due to an economic crisis. Compliance with the deal reached an unprecedented 138 percent in February.
Another OPEC source also raised the possibility revising the agreement in June should the market become short of oil. But four more Middle East delegates did not expect any changes.
SAUDI ROLE
For any change to happen in June, top exporter Saudi Arabia would have to be on board, and there is no sign of that yet.
Saudi Arabia says OPEC and its allies will need to continue cooperating on supply curbs not just for the rest of 2018 but into 2019.
The producers are working on a framework for future cooperation, which they say will be discussed in June. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering a deal to extend their alliance over many years.
Over the past year, Saudi Arabia has emerged as OPEC's leading supporter of measures to boost prices, a change from its more moderate stance in earlier years. It wants long-dated oil prices to trade at $70 a barrel.
Industry sources have linked this shift to Saudi Arabia's desire to support the valuation of state oil company Aramco , in which the kingdom is planning to sell a minority stake.
Others in OPEC, notably Iran, have lower price aspirations, saying $70 oil benefits alternative energy providers too much.
Iranian Oil Minister Bijan Zanganeh told the Wall Street Journal in March that OPEC could agree in June to start easing the curbs in 2019. He also said OPEC should aim for oil around $60 to contain the growth of oil produced from shale.
Zanganeh later said OPEC was unlikely to agree to changes to the supply cut deal before the end of the year.
Written By:
Reuters
By Alex Lawler and Rania El Gamal
LONDON/DUBAI (Reuters) - OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output.
OPEC, Russia and several other non-OPEC producers have curbed output since January 2017 to erase a global glut of crude that had built up since 2014. They have extended the pact until the end of 2018, and meet on June 22 to review policy.
The deal has boosted oil prices (LCOc1), which topped $71 a barrel this year for the first time since 2014. They were close to $70 on Wednesday. But it has also encouraged a flood of U.S. shale oil, fuelling a debate about how effective the curbs are.
"June will be a rollover until the meeting later in the year to make a decision for next year, depending on market conditions," an OPEC source from a major Middle East producer said, referring to the supply-cuting deal.
The source said achieving a balance between supply and demand in the second half of 2018 was "the most likely scenario, if production, demand and compliance levels stay as now."
The chance of a significant tweak to the deal being agreed in June is low, most OPEC delegates say. But some officials are privately talking about the issue, a sign that prices have risen more strongly than expected.
"The level of oil prices from now until the June meeting is going to affect the decision at that time," said a non-Gulf OPEC source, who asked not to be identified by name.
"Prices between $60 and $65 can support the continuation of the agreement for the rest of 2018," he said, referring to benchmark Brent crude. "A very high price could convince the parties to the agreement to reconsider it."
The deal has delivered an even bigger cut than called for, mainly because of a drop in Venezuelan production, where output is collasping due to an economic crisis. Compliance with the deal reached an unprecedented 138 percent in February.
Another OPEC source also raised the possibility revising the agreement in June should the market become short of oil. But four more Middle East delegates did not expect any changes.
SAUDI ROLE
For any change to happen in June, top exporter Saudi Arabia would have to be on board, and there is no sign of that yet.
Saudi Arabia says OPEC and its allies will need to continue cooperating on supply curbs not just for the rest of 2018 but into 2019.
The producers are working on a framework for future cooperation, which they say will be discussed in June. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering a deal to extend their alliance over many years.
Over the past year, Saudi Arabia has emerged as OPEC's leading supporter of measures to boost prices, a change from its more moderate stance in earlier years. It wants long-dated oil prices to trade at $70 a barrel.
Industry sources have linked this shift to Saudi Arabia's desire to support the valuation of state oil company Aramco , in which the kingdom is planning to sell a minority stake.
Others in OPEC, notably Iran, have lower price aspirations, saying $70 oil benefits alternative energy providers too much.
Iranian Oil Minister Bijan Zanganeh told the Wall Street Journal in March that OPEC could agree in June to start easing the curbs in 2019. He also said OPEC should aim for oil around $60 to contain the growth of oil produced from shale.
Zanganeh later said OPEC was unlikely to agree to changes to the supply cut deal before the end of the year.
Written By:
Reuters
commando ( Date: 28-Mar-2018 08:10) Posted:
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Bo biam liao...got to hold
Ytd drop when sti was green. Today likely to drop more when sti down 1% or more. Long weekend coming
nvesting.com - Oil prices rose on Tuesday morning in Asia, lifted by concerns that tensions in the Middle East could disrupt oil supplies. Meanwhile, China?s new crude futures kicked off to a roaring start.
Crude Oil WTI Futures for May delivery were trading at $65.78 a barrel in Asia at 11:20PM ET (03:20 GMT), up 0.35%. Brent Oil Futures for June delivery, traded in London, up 0.29% at $69.72 per barrel.
Escalating concerns that the U.S will reimpose sanctions on Iran, which would severely limit Tehran?s ability to export crude oil, have pushed up oil prices.
Further supporting oil markets is Saudi Arabia?s push for production curbs led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to be extended into 2019, in an effort to prop up oil prices. Iraq, the second biggest producer within OPEC, said on Monday that it also supports the agreement to cut oil output.
However, such a move could face opposition given the relentless increase in U.S. crude production.
U.S. production has already jumped by almost a quarter since mid-2016, to 10.4 million barrels per day (bpd), surpassing top exporter Saudi Arabia and within reach of top producer Russia, which pumps around 11 million bpd. Production curbs from OPEC inadvertently enable the U.S. to take more market share.
Also supporting oil markets are hopes that behind-the-scenes talks between the U.S. and China will prevent a looming trade war between the world?s two biggest economies.
Meanwhile in Asia, Shanghai crude oil futures saw their second day of trading repeating Monday?s high volumes.
Over the first 24 hours of its trading, Shanghai?s spot crude volumes made up 5 percent of the global market, versus 23 percent for Brent and 72 percent for West Texas Intermediate (WTI).
The launch of China?s yuan-denominated oil futures is expected to give the world?s largest energy consumer more power in pricing crude sold to Asia, as well as provide a third global price benchmark alongside Brent and WTI.
Crude Oil WTI Futures for May delivery were trading at $65.78 a barrel in Asia at 11:20PM ET (03:20 GMT), up 0.35%. Brent Oil Futures for June delivery, traded in London, up 0.29% at $69.72 per barrel.
Escalating concerns that the U.S will reimpose sanctions on Iran, which would severely limit Tehran?s ability to export crude oil, have pushed up oil prices.
Further supporting oil markets is Saudi Arabia?s push for production curbs led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to be extended into 2019, in an effort to prop up oil prices. Iraq, the second biggest producer within OPEC, said on Monday that it also supports the agreement to cut oil output.
However, such a move could face opposition given the relentless increase in U.S. crude production.
U.S. production has already jumped by almost a quarter since mid-2016, to 10.4 million barrels per day (bpd), surpassing top exporter Saudi Arabia and within reach of top producer Russia, which pumps around 11 million bpd. Production curbs from OPEC inadvertently enable the U.S. to take more market share.
Also supporting oil markets are hopes that behind-the-scenes talks between the U.S. and China will prevent a looming trade war between the world?s two biggest economies.
Meanwhile in Asia, Shanghai crude oil futures saw their second day of trading repeating Monday?s high volumes.
Over the first 24 hours of its trading, Shanghai?s spot crude volumes made up 5 percent of the global market, versus 23 percent for Brent and 72 percent for West Texas Intermediate (WTI).
The launch of China?s yuan-denominated oil futures is expected to give the world?s largest energy consumer more power in pricing crude sold to Asia, as well as provide a third global price benchmark alongside Brent and WTI.
We hardly see across the board rally for years. Since the day of ABL saga, the O&G crisis, countless S-chips flops and our once heavy weight Noble sank.
I can feel the market is broadly dead, only a selected few are in play by BBs every now and then
I can feel the market is broadly dead, only a selected few are in play by BBs every now and then
WL123456 ( Date: 27-Mar-2018 17:13) Posted:
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The problem is sgx is also worried that by implementing no naked shorts like hang Seng , it might decrease volume even further . Low turnover means GG for sgx .
TraderBen ( Date: 27-Mar-2018 16:50) Posted:
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why cant SGX do something about this? no1 in so many other things. SGX is like the S league.. sunset..
WL123456 ( Date: 27-Mar-2018 13:08) Posted:
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Well this is sgx . But if you can hold , I can assure you that you will see profit along the way. Most important is you are investing in a cash rich firm . No danger of share dilution , you can sleep soundly at night and wait for share appreciation.
commando ( Date: 27-Mar-2018 16:28) Posted:
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Gg down leh
Just for viewing pleasure for those vested in O and G stocks . The price for oil this year looks secured at at least $70 a barrel . Russia agrees to the cut too.
The Truth Behind Oil?s Recent Price Spike
By Kent Moors
As I?m writing this, the West Texas Intermediate (WTI) has surged almost 3 percent for the day, over 5 percent since the close on Monday, and is up 6.5 percent in a week ? their highest levels since the beginning of February.
Meanwhile, Brent has registered equivalent gains of 2.9 percent, 4.6 percent, and 6.5 percent, respectively.
Now, there are two essential reasons why the price improvement is taking place, and both bode quite well for investment returns in the sector.
Oil?s ?Usual Suspects?
The first reason goes to the ?usual? suspects?
? U.S. production levels
? Geopolitics
? Demand
? And currency exchange rates.
These are familiar, traditional, and market-based considerations.
American extraction came in much lower than expected for the week. Estimates from the Energy Information Administration (EIA) showed a decline of 2.6 million barrels. However, analysts had expected a 2.5 million increase.
Now, a variance like this is hardly news.
In fact, the EIA and analyst expectations tend to move in different directions over 60 percent of the time.
Somewhat unusually this time around, however, was the convergence between the EIA and analysts on the two-other major weekly figures ? gasoline and distillates (diesel and low-sulfur heating oil).
Only crude oil showed a marked disparity.
Now, geopolitics can once again be used to explain all manner of events in the energy sector.
This time, we can point to concerns over?
? Rising instability in the Persian Gulf as the Saudi Crown Prince visiting D.C. as Trump considers ending the Iranian Nuclear Accord
? Washington considering sanctions against an imploding Venezuela
? The intensifying Libyan conflict
? Chinese saber-rattling in the South China Sea
? And ongoing Nigerian domestic problems, to name a few of the more compelling, I often note that geopolitics are no longer an outlier when considering the energy markets.
I often note that geopolitics are no longer an outlier when considering the energy markets.
Rather, the uncertainty resulting from cross-border and global unrest is an ongoing staple element.
Nonetheless, pundits often use it as a catchall for anything they have difficulty explaining.
Geopolitics may influence how one regards the potential future oil availability, but until the oil flow is actually impacted, its influence is more apparent than real.
The Misunderstood ?Yardstick?
Demand remains one of the most misunderstood yardsticks to measure oil.
Yes, the balance between supply and demand certainly does influence price, but the real importance is the effect it has on the amount of excess supply.
The Truth Behind Oil?s Recent Price Spike
By Kent Moors
As I?m writing this, the West Texas Intermediate (WTI) has surged almost 3 percent for the day, over 5 percent since the close on Monday, and is up 6.5 percent in a week ? their highest levels since the beginning of February.
Meanwhile, Brent has registered equivalent gains of 2.9 percent, 4.6 percent, and 6.5 percent, respectively.
Now, there are two essential reasons why the price improvement is taking place, and both bode quite well for investment returns in the sector.
Oil?s ?Usual Suspects?
The first reason goes to the ?usual? suspects?
? U.S. production levels
? Geopolitics
? Demand
? And currency exchange rates.
These are familiar, traditional, and market-based considerations.
American extraction came in much lower than expected for the week. Estimates from the Energy Information Administration (EIA) showed a decline of 2.6 million barrels. However, analysts had expected a 2.5 million increase.
Now, a variance like this is hardly news.
In fact, the EIA and analyst expectations tend to move in different directions over 60 percent of the time.
Somewhat unusually this time around, however, was the convergence between the EIA and analysts on the two-other major weekly figures ? gasoline and distillates (diesel and low-sulfur heating oil).
Only crude oil showed a marked disparity.
Now, geopolitics can once again be used to explain all manner of events in the energy sector.
This time, we can point to concerns over?
? Rising instability in the Persian Gulf as the Saudi Crown Prince visiting D.C. as Trump considers ending the Iranian Nuclear Accord
? Washington considering sanctions against an imploding Venezuela
? The intensifying Libyan conflict
? Chinese saber-rattling in the South China Sea
? And ongoing Nigerian domestic problems, to name a few of the more compelling, I often note that geopolitics are no longer an outlier when considering the energy markets.
I often note that geopolitics are no longer an outlier when considering the energy markets.
Rather, the uncertainty resulting from cross-border and global unrest is an ongoing staple element.
Nonetheless, pundits often use it as a catchall for anything they have difficulty explaining.
Geopolitics may influence how one regards the potential future oil availability, but until the oil flow is actually impacted, its influence is more apparent than real.
The Misunderstood ?Yardstick?
Demand remains one of the most misunderstood yardsticks to measure oil.
Yes, the balance between supply and demand certainly does influence price, but the real importance is the effect it has on the amount of excess supply.
I would agree with you that the drop in price could be due to props shorting . If sgx would do a hang seng that would be good . No naked shorts on sgx will send the right signal to shorters . But the bigger problem is no retail to push shorters all the way . Shorters are daring in sgx because they know the retail is weak so if they short along the moving futures they got meat . However if there are enough retail to push through the counter , short sellers would be more wary about short selling . In short sg market is weak and the volume speaks for itself . If you wonder why , I Guess most of those rearail money is stucked?
TraderBen ( Date: 27-Mar-2018 10:59) Posted:
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or maybe MORe shortists appear so that explains y the price keeps going down.. haha