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Thursday, November 8, 2012

STI Market Forecast for Today 08-Nov

Singapore closed its 2 week higher level @ 3043.27, near to its 50 day MA level of 3046.24. Its good recovery in STI and expecting same in coming days.

STI took support @ its 3013.52 levels near to 3010 support zone and closed well above this level which is good for upward trend.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

STI Support Level
£ STI having nearest support @ 3030 level and below this level it can take support @ 3010-2995 will be the support zone for STI.

STI Resistance Level
STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.

Technical Indicators
Technical indicators are look to loosing strength on charts.

 
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