Daily Markets Briefing: STI up 1%

Expect more good news today.

According to OCBC, the rebound on Wall Street overnight could provide some inspiration to the local bourse this morning.

Here's more from OCBC:

After an unexpected 1% rebound yesterday, the STI could attempt to conquer the 3430 key peak again today.

Should this 3430 key obstacle be convincingly taken out, we expect the index to continue its march towards the 3460 subsequent key peak.

On the downside, we still see the immediate base at the 3377-3388 gap zone support, followed by the next base at the 3300 psychological level.

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