Well, today sharing gonna be longer than usual. I want to identify the relationship between geopolitical tension, international crude oil prices and Malaysia oil & gas stocks: Are they correlated?
I will analyse from $Crude Oil Futures(JUL4)(CLmain.US)$ WTI chart, zoom into Malaysia oil & gas sector $Oil & Gas(LIST9052.MY)$ , then further into individual oil & gas stock like $YINSON(7293.MY)$
Background
Heightened geopolitical tension between Is...

$Oil & Gas(LIST9052.MY)$ sector getting 🔥 again

$Oil & Gas(LIST9052.MY)$ very 🔥🔥 sector…treasure huntin

$DAYANG(5141.MY)$ broke flag ! Hope to see more vol !
$Oil & Gas(LIST9052.MY)$ sector is warming up 🔥

$Crude Oil Futures(JUL4)(CLmain.US)$
In my previous comments on crude, I mentioned the charts bearish nature and a potential short-term rebound coming soon.
Long-term charts are bullish as crude has been in a bull market for the past few years. But the shorter-term charts show bearishness. Is this a regular correction before more upside? Or is this short-term selloff an indication of a changing long-term trend?
Today was a bullish day with crude futures. Could this be t...