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Singapore share prices opened lower on Monday with the Straits Times Index down 43.11 points to 2,947.48 minutes after its open. Amid fears over the euro zone debt crisis after anti-austerity parties won elections in France and Greece at the weekend.
Singapore's share market losing more than 2 % its lowest level in a month and tracking a similar drop for the MSCI Asia-Pacific ex-Japan.
Singapore April foreign reserves up 1 pct from March.
Singapore stock for Tomorrow
Market lose its all grounds and ignored all the support levels and made a low of 2918.14 levels and closed near to its lower level@ 2924.95 lost
more than 65.64 points down by 2.19%.
On the daily chart STI breached it’s up slopping trend line and even its 50 day MA level on opening hours and then it trades lower levels.
STI formed a black long candlestick pattern called The Black Opening Marubozu is a single candlestick pattern it long body with lower wick and no upper wick shows that the day opened and prices continuously went down but they did not close at the low of the day and thus they created a lower shadow. It is a day for bears and such a bearish rally should cause concern among the bulls.
STI Support for Tomorrow
STI having nearest support @ 2910 level and below this level it can take support @ 2895-2880 level is the major support zone.
STI Resistance for Tomorrow
STI having Resistance @2935 and above this level it may take resistance @ 2950-2975 levels.
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