ENERGY Sector : Next stop 18,880
September 19, 2011 Leave a comment
Oil is on the ropes, struggling to hold, and the Thai energy sector looks as if it will soon retrace to or rather near 18,880.
The saviour to a such a pullback could however be seen shortly in the form of the Fed ‘allowing’ a more inflationary bias. If so oil and indeed commodities will rebound, so stay tuned to the Bald one when the FOMC speak over the next few days.