, Singapore

Daily Markets Briefing: STI up 0.1%

Gains likely to be limited.

According to OCBC, the modest recovery by the US indices overnight is likely to keep local sentiment fairly buoyant this morning.

Here's more from OCBC:

Despite so, gains could be limited as the STI seems to have shifted into a consolidation phase following yesterday’s muted 0.1% higher close.

For now, the 3270 immediate resistance remains a tough obstacle to overcome, with the next hurdle lying at the 3300 psychological obstacle.

On the downside, 3230 is still the immediate resistance-turned-support, with the next base pegged at the 3190 key trough.

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