SET 50 : Outlook for Feb 21st

The SET 50 has 700 to 703 as its next hurdle, then 705. If the Energy sector, and possibly Agri and Petro will need to move with a tad more vigor than seen last week, which will be needed given BANKS look a bit tired after leading the rebound last week.

Close analysis of the flows at the 703-705 level will be in order, because it could get bogged down here and possibly undergo a spot profit taking. However if crude oil rallies strongly above US$ 92 or so (for NYMEX Light) then 715 to 720 may just be hit during the course of the week.

 

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