Daily Markets Briefing: STI up 0.2%

Today's tone predicted to get more positive.

According to OCBC, with the US market closed for holiday overnight, the local bourse could take cue from the positive Nikkei start (up 0.8% now) and open similarly higher this morning.

Here's more from OCBC:

Meanwhile, the STI has started to show signs of pulling away from the 3280 resistance-turned-support with a 0.2% gain yesterday.

And with today’s tone likely to remain more upside biased, we could see the index maintaining its recovery path towards the 3300 psychological obstacle.

Above that, the next hurdle lies at the 3360-3370 gap zone. On the downside, the next base is pegged at the 3220 key trough.

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