Daily Markets Briefing: STI up 0.1%

Expect another positive start today.

According to OCBC, the further gains on Wall Street overnight are likely to keep local sentiments fairly buoyant this morning.

Here's more from OCBC:

As such, we could see the STI maintaining its current upside momentum and continue its climb towards the 3310 support-turned-resistance for a test soon.

However, it will not be a surprise to see the index consolidating or even start correcting around the 3310 level, as the recent recovery has been rather steep.

Beyond 3310, we see the next hurdle at the 3350 peaks. On the downside, 3260 is the immediate support, followed by the 3230 resistance-turned-support.

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