Daily Markets Briefing: STI up 0.2%

Expect more good news today.

According to OCBC, with the US indices hitting new all-time highs overnight, this could boost local sentiments as well this morning.

Here's more from OCBC:

As such, we could see the STI building on yesterday’s 0.2% gain and head higher towards the 3310 support-turned-resistance.

Technically, the daily MACD has also climbed back above the centerline; this suggests that the upside moment is likely to continue.

Above 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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