Daily Markets Briefing: STI up 0.1%

There’s good news today.

According to OCBC, the rebound on Wall Street overnight could cue the local bourse to further gains this morning.

Here’s more from OCBC:

We are likely to see the index climbing higher towards the 3360-3370 gap resistance today, with the next obstacle pegged at the 3400 key psychological hurdle.

On the downside, 3290 (5-month uptrend support) is now the immediate support, followed by the next base at the 3270 minor trough