Last Day of the September for Oil related stocks

It is the first day of the week, the last day of the month September.

Markets typically have to decide if they want to close higher or lower for the books.

In the morning, STI appears to be lower due to lack clear indications in the backdrop of China - USA trade war which has impacted on the economy.

Let's take a look at the oils related stocks again.

Keppel has breached the 6 dollar level as expected from last week's post.

Fundamentally, I think it will try to test 5.8 levels again. But I will try to pick up a lot since I am a long term investor. It is hard to have a short term for this stock but it good if you want to short it.

Keppel Stock Chart 

Sembcorp has fallnd quite a bit. It breached the 2.1 levels as expected too in the posting last week.

I am also looking to pick up at around 2.05. the over sold region has not reached unless Keppel and SembMarine.

SembCorp Stock Chart

Sembmarine has fallen quite  a lot and there is potential buying into this.

SembMarine Stock Chart

These stocks are still risky given the climate today. But I think if you are there for the long term, it presents a nice opportunity.

Bear in mind that October is a typical negative month for stocks in STI.


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