Published:
Daily Markets Briefing: STI up 0.2%
Expect more good news today.
According to OCBC, with the US market closed overnight, the local bourse is likely to take cue from the positive Nikkei start (up 1% now) and open higher this morning.
Here's more from OCBC:
As such, we could potentially see the index inch higher and attempt to conquer the 3320 immediate support-turned-resistance again (which it tested but failed to overcome yesterday).
Beyond that, the next hurdle lies at the 3370 key peaks. On the downside, 3270 recent trough is the immediate base, followed by the next support at the 3210 various troughs.
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