Published:
Daily Markets Briefing: STI 'fairly buoyant'
It's hovering below 3120 key resistance.
According to OCBC, the recovery on Wall Street overnight is likely to keep local sentiments fairly buoyant this morning.
Here's more from OCBC:
With the STI now hovering just a tad below the 3120 key resistance (also 9-month downtrend resistance), it remains to be seen if the current rally is truly sustainable.
Beyond the 3120 immediate obstacle, we still see the subsequent obstacle at the 3150 minor peaks.
On the downside, 3070 is the immediate resistance-turned-support, followed by the next base at the 3030 support.
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