Yeah probably .But at these level not a bad move to buy some.

If oil will reverse oil companies will turn as well.I looked up to some big oil players and all of them are following recent drop in oil.

But at least for CLl there is a try to hold this level.Hope it works because for the uptrend the more we drop the more resistance levels again to break .

But IMO recent top at 1.67 will be hard to take over in coming months even if Algar is nearing completion.