PTT : Outlook for Feb 21st.
February 20, 2011 Leave a comment
PTT should test 338-339 promptly this week. We view 342 as a more difficult barrier, but given a decent spike in crude prices above US$ 92 then it should at least test this range in the VST. First support is 330-332, and initial resistance is 336, but given institutional flows remain firm, which looks likely, then PTT should get very close to 342 in the very near term.