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....
Short Term Trade .
Rex Int, 5WH
Noticed a Double Bottom pattern. Its dying to break out.
Catalyst is the below
Saudi oil sites shut production after hit by yemens houthi drones
Buy Signal - Above 0.086
Take Profit - 0.100
Cut loss -0.074
![5WH: [Analysis] Rex International, possible breakout](https://s3.tradingview.com/v/v6MDSQmE_mid.png "[Analysis] Rex International, possible breakout")
