PTT : Next major support from 275 down to 258, then 240 and ultimately 224

With crude futures falling below US$ 80 today, we must fear an irrational but forceful market crash thanks to the western banks and idiot governments and CB’s, which for PTT could push it to the 275-258 range next week or soon thereafter.

Worst case is the low 200’s but if 240 is taken out and oil goes below US$ 70 a barrel, then worst case may well end up being true.

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