Published:
Daily Markets Briefing: STI down 0.1%
Expect another pullback today.
According to OCBC, the pull-back on Wall Street overnight could cue to the local bourse to a poorer start this morning.
Here's more from OCBC:
After a muted 0.1% decline in the last session, the STI could continue to inch lower today.
For now, we still see the immediate resistance at the 3360 recent peak, with the subsequent obstacle lying at the 3380 key peak.
On the downside, we now peg the immediate base at the 3310 recent trough, followed by the next support at the 3280 key trough.
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