Daily Markets Singapore: STI ended the week flat

Analyst predicts index to push higher towards 3282.

OCBC Investment Research:

Again, we could see the STI pushing higher towards 3282 (centre of Bollinger Band), breaking which, the next resistance at 3300 beckons.

However, should the index fail to convincingly clear these resistances, especially 3300, there is a risk of the STI retracing back towards 3258 (38.2% retracement of 3160-3319 rally); and even to 3171 (38.2% retracement of 2931-3319 rally).

IG Markets Singapore noted:

In Singapore, the STI ended the week flat. We are pricing for a flat open for the STI today.

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