Petron Corporation is interesting to be on the spotlight after the movement of the oil commodity instrument especially the West Texas Instrument. Will Petron be affected by this sudden shift of general market sentiment on Oil. Since this is really a technical view, and fundamentals are rapidly changing as reflected in the market prices of oil. With the introduction of shale as an alternative or additive source for energy consumption then probably it should affect Petron Corporation substantially. Unless Petron would adapt. Anyways, staying true to the technical analysis... Petron might break the 10 peso psychological support in the next few months or two quarters. It all depends on the market sentiment and corporate action or response of Petron in the next few months.
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