Monday, 6 November 2017
Keppel Corp: 6 November 2017, Monday, 10.05pm Singapore Time
6 November 2017, Monday, 10.05pm Singapore Time
Attached is the technicals for Keppel Corp, the largest oil-rig builder in the world. Keppel Corp is expected to make a retracement to backtest the $6.88-$7.01 region in the short term market's healthy correction. This represents the last golden chance to accumulate or re-accumulate cheaply before the next significant rally comes again. $8.40 will be expected to break up and challenge for $9.60 in the next up-wave resumption. This move will be executed after $6.88-$7.01 has been backtested as resistance-turned-support successfully. Volume flow has been very healthy, indicating that long term outlook for Crude Oil will remain bullish for the rest of 2017 and the whole of 2018.