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Week of November 20, 2011

Middle East Market Headlines from Bloomberg: Middle East Crude Premiums Unchanged as Refinery Demand Gains. Arab League Vows Syria Sanctions If Killing Doesn’t Stop Within Three Days. Gasoline Cargoes to U.S. Set to Drop 4.8% as Production Swells.


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November 20, 2011 Middle East Stock Market Commentary

I have some new Middle East stock picks this week. They now include price entry, stop-loss, and take profit targets. Plan the trade and trade the plan. Stick to stop-loss in case the positions go against you. Most of the picks below are Momentum trades so money management trailing stops are a must to lock in take profit targets.

See Below for: Middle East Crude Premiums Unchanged as Refinery Demand Gains


Middle East Stock Picks

November 20, 2011
Buy Position: Saudi Reinsurance - Saudi Stock Exchange
PE Ratio N/M
Buy Entry: 10.20 to 10.30
Stop-Loss: 9.45
Take Profit Areas: 11.92 to 12.03, 12.65 to 12.76 Momentum Trade

November 20, 2011
Buy Position: Malath Cooperative Insurance & Reinsurance - Saudi Stock Exchange
PE Ratio 44.26
Buy Entry: 17.60 to 18.69
Stop-Loss: 16.61
Take Profit Areas: 19.57 to 19.73, 21.18 to 21.35 Momentum Trade

November 20, 2011
Buy Position: Halwani Brothers - Saudi Stock Exchange
PE Ratio 12.35
Buy Entry: 35.40 to 36.43
Stop-Loss: 34.48
Take Profit Areas: 37.72 to 37.86, 39,58 to 39.78 Momentum Trade

November 20, 2011
Buy Position: Saudi Printing & Packaging - Saudi Stock Exchange
PE Ratio 24.37
Buy Entry: 13.30 to 13.94
Stop-Loss: 12.93
Take Profit Areas: 14.92 to 15.02, 16.34 to 16.48 Momentum Trade

November 20, 2011
Buy Position: Tourism Enterprises - Saudi Stock Exchange
PE Ratio 97.04
Buy Entry: 26.50 to 27.79
Stop-Loss: 25.64
Take Profit Areas: 30.48 to 30.85, 33.16 to 33.63 Momentum Trade

November 20, 2011
Buy Position: Danah Al Safat Foodstuff - Kuwait Stock Exchange
PE Ratio N/M
Buy Entry: 92.00 to 102.94
Stop-Loss: 90.30
Take Profit Areas: 130.03 to 133.19, 147.10 to 150.89 Momentum Trade

November 20, 2011
Buy Position: Al-Safat Energy Holding - Kuwait Stock Exchange
PE Ratio N/M
Buy Entry: 45.50 Buy Stop
Stop-Loss: 43.00
Take Profit Areas: 52.84 to 54.52, 57.28 to 59.07, 66.55 to 68.70

These stock picks where found using MetaStock Technical and Fundamental Analyzer Trading Software below.


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Bloomberg November 17, 2011 - Middle East Crude Premiums Unchanged as Refinery Demand Gains

Premiums for Middle East crude oil sold to Asia were little changed after rising amid gains in refinery demand.

Murban for January loading was at 33 cents a barrel over its official selling price, unchanged from yesterday, according to data compiled by Bloomberg. Qatar Marine for January was at a premium of 53 cents a barrel over the official price, Bloomberg data showed.

Japanese refiners are ramping up their runs to produce kerosene before the winter heating season begins in the Northern Hemisphere. Plants operated at 82.4 percent of capacity last week, up from 81.7 percent, according to data from the country’s petroleum association released yesterday.

Oman crude for immediate shipment fell 89 cents, or 0.8 percent, to $110.78 a barrel, Bloomberg data showed. Dubai for loading in January dropped 0.7 percent to $110.02. Murban crude declined 0.7 percent to $114.94 a barrel.

Oman futures for January delivery fell 95 cents to $110.25 a barrel on the Dubai Mercantile Exchange at 6:03 p.m. Singapore time with 1,420 contracts traded. The settlement price was $111.24 at 12:30 p.m. in Dubai.

The January Brent-Dubai exchange for swaps, which measures the European benchmark contract against the Persian Gulf grade, narrowed 27 cents to $3.45 a barrel, according to data from PVM Oil Associates Ltd. The exchange for swaps for February declined 14 cents to $3.69.