Dow fell more than 1.5%. Bad news never end ....
More pain for oil related stocks since capacity in Saudi is restored. It has fallen back to the lows of 2019.
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| US Crude Oil stock chart |
Hence, it is not surprising these oil related stocks for test for lows of the year.
Within the opening trade, these stocks were indeed almost near to the year's low. I guess there are traders that bought into the year's low and hence, the price is little higher.
Looks like I miss the boat to dip in.
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| SembMarine Stock Chart |
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| SembCorp Stock Chart |
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| Keppel Stock Chart |
Will the lows come back again? You bet it will......
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