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STI Singapore - Market Signals for 19-Sept 2012
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Publish date: Tue, 18 Sep 2012, 08:49 PM
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STI Singapore Market Forecast - 19-Sept
After 5 day straight gain today STI closed down but still above the support level of 3060, but faced resistance @ yesterday's high of 3088.
STI didn't able to crossed its previous higher level as we mention in our previous report that STI faced resistance @ previous higher level of 3088 mark and its down slopping trend line on weekly graph. Once it will crossed this level than we can see up side movement in market.
After positive crossover of two moving averages STI still can't able to cross the higher levels, today we can see the flat movement of MA as per the price action. market. Technical indicators are looking in recovering mode on charts.
Support
STI having nearest support @ 3060 level and below this level it can take support @ 3040-3020 will be the support zone for STI.
Resistance
STI having Resistance @3090 and above this level it may take resistance @ 3100-3120 levels.
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