Daily Markets Briefing: STI down 0.2%

And the day could end muted.

According to OCBC, with the US indices ending mixed and muted overnight, the local bourse is also likely to kick off the day on a similar stance.

Here's more from OCBC:

Meanwhile, the STI ended just a tad lower yesterday (down 0.2%), as it continues to drift towards its 4-month uptrend support.

For now, we still see the immediate support level at the 3250 level, followed by the next base at the 3220 key trough.

On the upside, the 3280 hurdle is the immediate resistance, with the next obstacle pegged at the 3310 recent peak.

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