Given the recent news about the demand of oil, global recession, the pessimistic news about oil going down to USD30, etc...It seems like there is the oil is still under a strong down trend and showing no rebound. During the recent interview of Chart Man - Daryl Guppy in CNBC, he reckons that it is still not good timing to long oil and possible consolidation around USD48-52!
Click here to watch interview with Guppy in CNBC
The oil price has been a good reference to guide the trend of the Crude Palm Oil (CPO) price and subsequently all the palm oil stock like Wilmar, Golden Agri, Indoagri listed in Singapore and IOI, KLK, Sime Darby, etc... listed in Malaysia.
Madoff who?
15 years ago
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