Daily Markets Briefing: STI ends flat

Index likely to inch towards the 3405 mark.

OCBC Investment Research noted:

With the US indices climbing to new highs overnight, this optimism is likely to filter through to the local bourse this morning.

This could inspire the STI (which ended flat yesterday) to inch higher towards the 3405 immediate resistance today.

Should the index successfully take out this 3405 obstacle, the next hurdle lies at the 3485 historical key peak.

On the downside, the immediate support is pegged at the 3365 recent trough, followed by the next base at the 3330 key resistance-turned-support.

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