SPE ITB SC in collaboration with IATMI SM ITB and HMTM PATRA ITB held the events called After Graduation Path 3.0 with the theme Finance and Consulting Career. The event was held on September 29,2018, at Total Handil Room, Petroleum Engineering Building from 13.30 to 15.30 p.m. with the speaker is Nur Hadi Amirudin. He is the Treasury Group Management Trainee PT. Bank Mandiri (Persero).
He told the participants the story of why he chose finance and consulting. He explained it happened when “Gloomy Graduation”. In that day ( about 2010 -2014), the oil price was going down to 35$/bbl for Brent crude oil. About 2010 and 2011 batch, the pattern of work after graduation was so heterogeneous. Why the oil price was decreasing sharply? It was caused by surging US Production of Shale Oil. But, he neglected this reason. He said that actually breaking down of oil price was caused by the law of supply and demand. Law of demand said that if the quantity is high, the price is low. Law of supply that if the quantity is high, the price is high. We can put the equilibrium point when supply meets demand. Back to the lowering the price of oil, from March 2014 until March 2017, there was a gap between the supply graph and demand graph. It made the disequilibrium phenomena and lowering the oil price. Based on The Washington Post, December 3rd, 2014 explained that the small shift in the supply-demand balance had resulted in significant price changes, because oil demand was price inelastic.
He also explained his work in Finance and Banking. His assignment especially in processing the data, graph, and news about marketing and finance. The challenging experiences from his work are mainly about how to make a profit as high as he can. As a treasurer and dealer of Bank, he has to trade and market. What is trading? The trading principal is “Buy Low Sell High”. What is bullish? Bullish is a condition when the stock exchange is upward. Oppositely, bearish is a condition when stock exchange is downward.
The market analysis consists of fundamental analysis and technical analysis. Fundamental analysis is a method of marketing a security in an attempt to assess its intrinsic value, by examining related economic, financial, and other qualitative and quantitative factors. Technical analysis is discipline based on technical aspects like Fibonacci, moving average, etc.
Next, he told about support and resistance line. Support is located at the bottom of the trend to make it stable upwardly and resistance is located at the top of the trend to make it stable downwardly. Other methods for technical analysis are moving average, Fibonacci, and Relative Strength Index ( RSI).
Last, he gave the case study “Where oil prices will go?”. The participants were very enthusiastic about this sessions. (AK)