Chart Source: Poemsview 13th June 2019
Sembcorp Marine has recently shown some rebound tho not a very strong one and has come down to rest the short term uptrend line.
We’re watching to see strength in Sembcorp Marine and holding that support might singal some strength to us and breaking that near term resistance is also strength to us. In addition, Sembcorp Marine managed to close above its 20ema which is another positive sign for us.
Oil is current up 3% due to the oil tankers in the Gulf of Oman sustaining significant fire damage so that might have some knee jerk reaction to oil counters tomorrow.
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