Market sentiment still very poor. Political risk still shadow any recovery potential. Vote of no confidence toward PM may get support from some UMMO member and Tun M, causing further disturbance in the market. Capital preservation is utmost important than making money now. Should wait and see until next week for more clearer market.
3 comments:
Nice.
Market sentiment still very poor. Political risk still shadow any recovery potential. Vote of no confidence toward PM may get support from some UMMO member and Tun M, causing further disturbance in the market. Capital preservation is utmost important than making money now. Should wait and see until next week for more clearer market.
Instant View: China to raise gasoline, diesel prices
http://www.reuters.com/article/GCA-Oil/idUSN1943300620080619
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This may bring the price of crude down, demand destruction occurring as opposed to blaming the speculators.
Still wonder if that increase is sufficient though, let us see.
Only time will tell.
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