Daily Markets Briefing: STI up 04%

Expect more good news today.

According to OCBC, the strong rebound on Wall Street overnight is likely to boost local sentiments this morning.

Here's more from OCBC:

After staging a 0.4% technical rebound yesterday, the STI could continue to inch higher towards the 3240 immediate support-turned-resistance.

Should the 3240 hurdle be conquered, the index will likely to climb towards the 3300 psychological resistance next.

On the downside, 3180 is still the immediate base, followed by the next vital support at the 3150 key trough.

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