Published:
Daily Markets Briefing: STI up 0.9%
Expect more good news today.
According to OCBC, the US indices rallied to another new high last Friday night and this is likely to boost local sentiments further this morning.
Here's more from OCBC:
Following its 0.9% recovery in the last session, the STI is now poised to inch higher towards the 3360 immediate resistance for a test soon.
Should the index successfully overcome this hurdle, we could see it reaching for the subsequent obstacle at the 3390 key peak.
On the downside, we still see the immediate base at the 3315 resistance-turned-support, followed by the next support at the 3270 level.
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