Saudi Stocks Peaking ?

Where oil goes, the Saudi All-Share Index (SASI) will follow, and this week has been no exception, with the small downturn in crude prices accompanied by a similar dip in the bourse. Indeed the US$6.00/bbl drop in front month Brent at the start of the week - as predicted by us on September 1 in Super Spike Time? - triggered a 650 point fall at one stage in the SASI from a record high of 15,041. Going forward, we see good support for Brent in the US$61.00-62.00/bbl area, with major trendline support at US$56.00/bbl. However, while the oil price rally

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