Published:
Daily Markets Briefing: STI down 0.2%
Will the index recover today?
OCBC Investment Research said:
The mixed reactions on Wall Street overnight are unlikely to have much effect on the local bourse this morning.
After taking a breather with a mild 0.2% pull-back, the STI could potentially continue its recent recovery path today.
For now, we still see the immediate obstacle at the 3180 key peak, followed by the next hurdle at the 3220 various peaks.
On the downside, 3120 recent trough is still the immediate support, followed by the subsequent support at the 3070 level.
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