Published:
Daily Markets Briefing: STI up 0.2%
But expect a pullback today.
According to OCBC, the further correction on Wall Street could weigh on local sentiments this morning.
Here's more from OCBC:
Despite a mild 0.2% gain yesterday, the STI was still not able to overcome the 3420 immediate resistance.
And with today’s tone likely to turn more pessimistic, we could see the index retreating from current levels back towards the 3377-3388 gap support.
Beyond that, the next base lies at the 3300 key psychological support. On the upside, the 3460 key peak is the subsequent hurdle.
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