Daily Markets Briefing: STI up 0.6%

More gains could be expected today.

According to OCBC, with US indices registering further gains last Friday night, this is likely to cue the local bourse to a positive start this morning.

Here's more from OCBC:

As such, we could see the STI inching higher in the direction of the 3360 key resistance today; however, we note that this key hurdle is unlikely to be conquered in the near term.

Beyond that, the next obstacle lies at the 3390 key peak. On the downside, the 3300 recent trough is now the immediate support, followed by the next base at the 3270 resistance-turned-support.

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