Recently Crude Oil indeed corrected strongly as anticipated. A lot of crude oil stocks like Ezion and Ezra dropped drastically. Keppel Corp and Semb Marine looks dead too. A lot of retailers begin to ponder on the situation of crude oil and the oil stocks.
We did mention in an interview in June about our concern when Crude Oil reach a high price of $52. We ask everybody to sell crude oil stocks in the short term as we anticipate the reversal.
Check out the interview on Daniel Loh by Sharesinvestment below in June:
We mentioned 1) Crude Oil has a selling zone between $52-$55 this year
2) Avoid Buying Oil stocks when crude oil this year when price reaches the selling zone.
But guess what?? Today we think that crude oil may have dropped into the accumulation zone now, which is between $40 - $43.
We are looking to accumulate and buy some good oil stocks that have dropped recently!
See the chart of crude oil price below:
We think that crude oil may have entered our buying zone, and a strong support area, and we are looking to slowly accumulate some oil stocks gradually!
Our recommendation is you don't have to sell your oil stocks now. For those who wishes to accumulate, do it gradually by buying a bit to test the water. If indeed it goes up, accumulate again.
If you would like us to give a market outlook on what oil stocks to look out for, do come for our free seminar by Andy Yew this week!
Rgds
Daniel Loh
www.danielloh.com
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FREE Singapore Stock Seminar by Andy Yew
Topic: What are the Crude Oil Stocks and Singapore stocks to watch out for as STI breaks 2900?
What you will learn:
✔ What are the Strong Crude Oil stocks to watch out for if crude oil rebound?
✔ What is the Best Performing Sector of the month?
✔ What are the Good Singapore Stocks to watch out for as STI breaks 2900?
✔ What is the SAFEST WAY to buy into a stock that is on an uptrend?
✔ Discussions on stocks that you want to see or are of concern now
Dates: （Choose one)
28 July 2016，Thursday （English） 7pm - 9.30pm or
28 July 2016，Thursday （English） 7pm - 9.30pm or
29 July 2016，Friday （华文） 7pm - 9.30pm or
4 Aug 2016， Thursday （English） 7pm - 9.30pm or
Venue:
10 Anson Road, International Plaza
#34-07
Singapore 079903
( Nearest MRT Tanjong Pagar )
Fee: Free
Speaker:
( Nearest MRT Tanjong Pagar )
Fee: Free
Speaker:
Mr. Andy Yew (DL Investment Singapore Stock Trainer and Popular Remisier)
Limited Seats
Limited Seats
Picture of Andy Yew being invited by SGX and Radio Station FM958
