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Daily Markets Briefing: STI closes flat
Expect a positive start today.
According to OCBC, the continued recovery on Wall Street overnight could cue the local bourse to a positive start this morning.
Here's more from OCBC:
Meanwhile, the STI inched higher intraday yesterday but ended flat by the close; despite so, the upside momentum is still generally positive.And with today’s tone likely to remain fairly upbeat, we could see the index head higher in the direction of the 3340 minor support-turned-resistance.
Beyond that, we see the next hurdle at the 3380 key peak. On the downside, the immediate support is still tagged at the 3280 recent trough, followed by the next base at the 3230 key trough.
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