As per warned of the worldwide sell-off, crude oil is merely synchronizing the trend. Its sell off is far from over yet.
It will also be for a very long term (supercycle) when we will ever see crude oil in the region of $100 again.
1. Based on current technical structure, Crude Oil immediate target will be further down at $40.00 now.
2. Many people bought falling knife on oversold. They will continue to lose big money using naive indicator strategies.
3. Those who bought or invested in Crude Oil, KeppelCorp and oil-related stocks will continue to lose miserably as per warned end-2013 and early-2014 when oil was above $105.
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