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Technical Focus – 31st Dec 2020

Since vaccine news has been surfacing in the news media, the Brent oil has been establishing its upward move above USD46. The trend has been more stable with the stimulus hopes in the US as well as vaccine rollout in several countries; Brent oil price has been trading above USD50 over the past two weeks. Should the Brent oil charges above USD52, we expect buying interest may return on O&G sector on Bursa Exchange. Under the O&G sector we like PENERGY and SERBADK.
technical focus

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