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Wednesday, 28 March 2018

Sembcorp Marine Funds Flow Analysis (with implications for crude oil): 28 March 2018, Wednesday, 8.52am Singapore Time

Sembcorp Marine Funds Flow Analysis: 
28 March 2018, Wednesday, 8.52am Singapore Time
(Click on FFA Chart above to Expand)

Attached is the longer term funds flow on Sembcorp Marine, an important oil industry player. The first black circled region shows the region of first accumulation 1 at $1.40 to $1.80 zone where prices went down but smart money funds inflow went up. The second black circled region shows the second re-accumulation 2 of $1.60 to $2.10 zone where prices went down but smart money funds inflow continued to go up. The entire series are large waves, meaning crude oil is judged to have large wave upside, in line with my super-cycle target for crude oil of $175-$180 per barrel (refer to past comprehensive analyses). The 3rd circled region in green is our current point where there was no net outflow despite the overall worldwide market correction recently. Worldwide market corrections remain a healthy correction within a big bull market, with much more upsides to go for 2018 and 2019.


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