WHile there has been a complete breakdown in crude oil futures (it could even be signalling an upcoming recession) this might not be a very bad thing for our oil and gas companies. This might now push the govt to scale back further the additional taxes and duties that have been levied on crude/refining and also refined products.
Watch this space and track your fav Oil & Gas companies for the same.
Also for crude traders can go short with SL above 84 but this pattern does signal a much deeper fall..
Also can look fowards plastic co's and paint companies which will benefit from the fall in crude prices. (key RM for them)