Update 25/11/2014
Since my last update on CGS, CGS has rebounded sharply as price increase more than a dollar since it reaches a low of 6.20ish as it was sold off on news after the ShangHai-Hk connect last Monday. However, the inclusion of CGS into MSCI China and the interest rate cut on China have ensure that CGS price trend continues. I will still be looking for any potential retracement @ around 6.20-6.40. The rebalancing in the MSCi index is on 25th Nov, after market. On the oil sectors, I suspect that a recovery could be due. Looking at the crude futures, there is a possibility that the oil futures are being oversold. In the last 2 weeks, we see no follow through in the oil futures prices. In fact, oil futures actually performed slightly better after the heavy volume as seen in the chart. Please refer to this - http://futures.tradingcharts.com/chart/CL_/ From a chart perspective, this will be strength as long as oil futures don't break below that particular zone after witnessing the high vo...