Daily Markets Briefing: STI up 0.4%

Uninterrupted rise for 2 weeks.

According to OCBC, the muted reactions on Wall Street last Friday night could start weighing slightly on the local bourse this morning.

Here's more from OCBC:

Following another 0.4% recovery in the last session, the STI has seen a strong uninterrupted run for two weeks now; a retracement could come in within the next few sessions.

For now, we still see the immediate hurdle at the 3120 support-turned-resistance, with the subsequent obstacle marked at the 3150 minor peaks.

On the downside, 3070 is the immediate resistance-turned-support, followed by the next base at the 3030 support.

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