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
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