Published:
Daily Markets Briefing: STI down 1.1%
Another pullback may happen today.
According to OCBC, the continued volatility on Wall Street overnight and the unrest in HK could keep local sentiments cautious this morning.
Here's more from OCBC:
After plunging nearly 1.1% yesterday, the index is now just a tad away from the 3220 key support.
Nevertheless, we could potentially see a mild technical rebound coming in soon, but any upside is likely to be limited as general sentiments are still rather bearish.
Below 3220, the next base lies at the 3180 resistance-turned-support. On the upside, 3270 is the immediate support-turned-resistance, followed by the next hurdle at the 3310 recent peak.
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