, Singapore

Daily Markets Briefing: STI down 0.3%

But it's a wee bit away from key uptrend support.

According to OCBC, the modest gains by the US indices last Friday night could inspire the local bourse to the positive start this morning.

Here's more from OCBC:

Although the STI declined for the second consecutive session (down 0.3%) in the previous session, it is now just a tad away from its key uptrend support at the 3250 region.

As such, we could potentially see a rebound coming soon, which could help push the index back towards the 3280 immediate resistance again.

Above that, the next hurdle lies at the 330 recent peak. On the downside, we see the subsequent base at the 3220 key trough. 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley