PTT : Another test of 339 is possible, but so is a new low for the year to 300-305
June 25, 2011 Leave a comment
Oil prices are still under pressure, but will not remain so for long. PTT does however have a local dynamic at play, and a murky result to the election could force it down t nearer 300 post July 3. However a bounce to 339 or so may be seen first, with a breakout here needing both a reboud in crude futures > US$ 95/barrel, and a clear cut victory for someone come a week or so from now.