
Chart 1: WTIC's weekly chart as at Jan 7, 2015 (Source: Investorshub)

Chart 2: WTIC's monthly chart as at Jan 7, 2015 (Source: Investorshub)
The prices of O&G stocks listed on Bursa Malaysia seem to confirm the possible bottom in the price of crude oil. We can see from the chart below that SKPETRO, COASTAL, UMWOG & ARMADA failed to retest its recent low despite crude oil price making new low in the past 2 weeks.

Chart 3: SKPETRO, COASTAL, UMWOG & ARMADA's weekly chart as at Nov 21, 2014 (Source: Tradesignum)
Based on the above, I think it is now a good time to start our slow accumulation of good O&G stocks at the current low prices.
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, SKPETRO, COASTAL, UMWOG & ARMADA.
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