STRAITS TIME LEVELS
Support 1 3020
Support 2 2990
Support 3 2960
Resistance 1 3070
Resistance 2 3100
Resistance 3 3130
TECHNICAL VIEW
SGX SINGAPORE MARKET REVIEW
STI today traded in very narrow range it was stuck between 20 points of range and closed with nominal change.
STI opens @ 3057.38 and after that made a low of 3044 and then made a high of 3063.71 and finally closed same level of opening @
3056.95 with loss of 0.43 down by 0.01%.
MARKET FORECAST
Today STI formed a candlestick pattern called DOji as it opens and closed almost same level, so with this candle the Bulls and Bears are
equally participate in the market.
As we told in our previous reports that STI having a trading range of 2950-3120 and it is moving between this range only and before last
week STI breached this 2950 level and made a low of 2919 took support @ its 61.8% retreatment level.
Today STI faced Resistance near to its Resistance level of 3070 which is its previous multiple support as well as Resistance level, so now this
level again act as a Resistance for the Market and also it took support @ up slopping trend line today.
So the coming days , STI have to maintain above its 3070 levels for upwards rally and also not to breached its up slopping trend line level if
breached than it can go further down side..... CLICK HERE FOR MORE INFO AND FREE SUBSCRIPTION VIA MAIL
No comments:
Post a Comment