The last time when Crude Oil tumble heavily was in 2008(the financial crisis year) from $140 to a low of $40. This time round 2014 in mid-July Crude Oil price drop from $100 to around $63(today market price). Are we seeing any similarities taking place like the Global Financial Crisis in 2008? The bull run typically ran from 2009 - 2014, 7 years cycle. It is important to see watch the movement of Crude Oil Price(Support at $63) as it may affect the Global Economic Growth.
Over at our Singapore Market (STRAITS TIMES INDEX)
The market is very volatile as the STI has broken the key support 3300 to close the day low at 3297. Watching out for Strong Up trending Counters, M&A Positive Plays and Defensive Approach in order to ride out all the volatility face in the weak global market being affected by Crude Oil Price.