Daily Markets Briefing: STI up 0.1 %

Expect good news this morning.

According to OCBC, the continued recovery on Wall Street overnight could keep local sentiments fairly buoyant this morning.

Here's more from OCBC:

As such, the STI (which recovered some 0.1% yesterday) could maintain its upside momentum and climb further in the direction of the 3340 immediate resistance today.

Beyond the 3340 level, we see the next hurdle at the 3380 key peak. On the downside, the immediate support is still tagged at the 3280 recent trough, followed by the next base at the 3230 key trough.

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