Daily Markets Briefing: STI ended flat

But the uptrend is generally still intact.

OCBC maintains that the muted reactions on Wall Street are unlikely to have much effect on the local bourse.

Here's more from the commentary:

Meanwhile, the STI ended flat yesterday after inching to a 1-month high intraday; but its uptrend is generally still intact for now.

With today’s tone likely to remain generally neutral, we could see the index continuing its consolidation with a slight upside bias towards the 3310 immediate resistance.

Above the 3310 hurdle, we see the next obstacle at the 3360-3370 gap resistance. On the downside, 3260 (minor trough and uptrend support) is the immediate support, followed by the next base at the 3240 trough.