Oil Plunges on Report Saudis May Soon Resume 70% of Lost Output
Oil plunges ......
It shows that the opportunity to take advantage of the rising oil prices over the past 48 hours will close.
At the moment, oil appears to have fallen more than 5%.
It is still higher before the attack on Saudi Arabia.
How will Keppel, SembCorp, SembMarine fare tomorrow?
Will it lose some points given the weakness in the market today?
Closing is mix. Volume appears to have picked up. It closed at 2.22 from 2.18 lows and 2.23 highs of the day. Looks like a positive close.
It started from lows of 6.19 and close at 6.22 from highs of 6.23. Close is a doji which shows that it is anyone guess for tomorrow.
It closed 1.31. high of 1.32 and lows of 1.28.Looks like a mix bag for tomorrow. Volume looks good.
Given the oil prices just now, it is likely that these stocks will open lower tomorrow.
Please see disclaimer in my blog....
It shows that the opportunity to take advantage of the rising oil prices over the past 48 hours will close.
At the moment, oil appears to have fallen more than 5%.
 |
| US Crude Stock Chart |
It is still higher before the attack on Saudi Arabia.
How will Keppel, SembCorp, SembMarine fare tomorrow?
Will it lose some points given the weakness in the market today?
 |
| SembCorp Stock Chart |
Closing is mix. Volume appears to have picked up. It closed at 2.22 from 2.18 lows and 2.23 highs of the day. Looks like a positive close.
 |
| Keppel Stock Chart |
It started from lows of 6.19 and close at 6.22 from highs of 6.23. Close is a doji which shows that it is anyone guess for tomorrow.
 |
| SembMarine Stock Chart |
It closed 1.31. high of 1.32 and lows of 1.28.Looks like a mix bag for tomorrow. Volume looks good.
Given the oil prices just now, it is likely that these stocks will open lower tomorrow.
Please see disclaimer in my blog....
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