[Analysis] Rex International, possible breakout

Oil & Gas play on Singapore Counters can be very profitable, especially for counter whos price is slightly above 0.200.
Each "tick" is 0.005, which translates to a higher percentage return per tick.
Even a short rally to 0.330 from 0.260 is a 27% rally.

Hence, ROI-wise, this is a more profitable play compared to say, Keppel Corp.

0.220 is strong support. However, there is some selling pressure around 0.260-0.265. This trade carries some risk as if the price is unable to push through, it could get stuck around 0.260-0.220 for a long time. If during this period Oil price drop, then 0.220 may be broken. Whatever you do, do not hold if the price drop below 0.220.

Rex vs Crude Oil


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