๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐:ย ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ฅ๐จ๐ฌ๐๐ ๐๐ญ ๐ซ๐๐๐จ๐ซ๐-๐ก๐ข๐ ๐ก๐ฌ ๐๐ฌ ๐ญ๐ก๐ ๐ง๐๐ฐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฉ๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ ๐๐จ๐ ๐๐ข๐๐๐ง ๐ฌ๐๐ญ ๐จ๐๐ ๐ญ๐ก๐ ๐๐๐ฆ๐ข๐ง๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐ฅ๐๐๐ซ ๐ซ๐๐ฏ๐๐ซ๐ฌ๐ข๐ง๐ ๐ฆ๐จ๐ฏ๐๐ฌ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฒ๐๐ญ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐ฅ๐จ๐ฌ๐ ๐จ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/21) is expected to be in the range of 6,385pt โ 6,500pt to incline higher although limitedly . ย Meanwhile, yesterday (1/20) the DJIA closed higher by 258 points or by 0.8% to 31,188pt, while the S&P500 and the Nasdaq both ended higher by 1.4% and 2.0%, respectively.
๐๐๐ ๐จ๐ข๐ฅ ๐ฉ๐ซ๐ข๐๐ ๐ก๐๐ฌ ๐๐๐ฏ๐๐ง๐๐๐ ๐๐ฒ ๐๐% ๐ฒ๐๐๐ซ-๐ญ๐จ-๐๐๐ญ๐
๐๐ง๐๐จ๐ง๐๐ฌ๐ข๐ ๐๐ฎ๐๐ ๐๐ญ ๐๐ฌ๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง ๐ฌ๐๐ญ ๐ญ๐ก๐ข๐ฌ ๐ฒ๐๐๐ซ ๐จ๐ ๐จ๐ข๐ฅ ๐ฉ๐ซ๐ข๐๐ ๐๐ญ ๐๐๐๐๐/๐๐๐ซ๐ซ๐๐ฅ, ๐ฐ๐ก๐ข๐ฅ๐ ๐ฅ๐๐ฌ๐ญ ๐ฒ๐๐๐ซ ๐๐ฅ๐จ๐ฌ๐ ๐๐ญ ๐๐๐๐๐.๐/๐๐๐ซ๐ซ๐๐ฅ
WTI price closed at USD53.2 / barrel in the last session to post a year-to-date gain of 10%. The hike, to name a few of reasons, are due from (1) the expectation of supply curb by the new US administration, (2) hope for higher demand as vaccinatation programs being carried out , and (3) the unexpected production cut by the Saudi Arabia during the latest OPEC+ meeting .
In September 2019, by ย the contribution of the US shale revolution clearly started in 2008 and by the lift of the curb on the US crude oil export in 2015, the US became a net oil exportir country the first time in ย decades.
Being a net-oil-exporting country, the US at present is a de-facto major influencer within the OPEC+ members oil organization, as quoted from the media.ย As the newly-sworn US president Bidden stated this morning, one of the three immediate moves of the new administration is to tackle climate change and hasten the transition to a low-carbon economy, firstly by re-entering the Paris Climate Agreement which his predecessor Donald Trump decided to withdraw from.
By theory and by simplicity sake, the above narration ย should repress output and ultimately bring world oil prices in a stable and uptrending trend, and in turn a positive impact for Indonesia economy.
However, as quoted from the media, domestic political circumstances in the US might somehow cause limit to the impact, as the US domestic interest may favor higher oil supply in the first place. Take another factor of derivative trading in oil commodity, again, oil price estimate still can not be taken for granted and need constant monitoring if not revisions, in our view.
At the other end, yesterday ย the WTI price closed higher by 0.5% to USD53.2/barrel as compared ย to the previous close. The just-inaugurated US president Joe Biden is widely expected to enact policies to curb the countryโs production.ย Meanwhile, the USDIDR ย closedย at IDR14,065 ย vs. IDR14,086 the previous one.
We advise the following recommendations, for both trading and longer-time investment purpose. ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐จ๐ณ๐ช, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ฏ๐ฅ๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ข๐ญ ๐๐ช๐ฏ๐ช๐ฏ๐จ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐ง๐ ๐๐๐๐, ๐๐๐๐, ๐๐๐๐,๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ณ๐ข๐ฅ๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต),๐๐ง๐ ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ข๐ด๐ช๐ค ๐๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต).
Cheers,