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STI Singapore Weekly Outlook for the Next Week 11-15 March

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Publish date: Fri, 08 Mar 2013, 08:10 PM
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STI Weekly Chart
STI Weekly Chart
Market Forecast for week ahead: 

Ø  STI trading in a consolidation phrase and if we will see in the chart it trading between the 3220 and 3300 mark, either side breakout will give STI the further direction.


Ø  Overall STI trading in bullish zone, and above its 61.8% retracement level which is again a higher level and consolidation at this level expected also gives a good buying opportunity to investors.

Ø  For the coming week STI looks again range bound and can be bullish above the 3300 mark. 

STI Resistance: 
STI having Resistance @ 3300 and above this level it may take resistance from 3320-3345 levels. 

STI Support:
STI having nearest support @ 3265 below this 3240-3220 will be the support area for market.

Technical Indicators: 
Technical indicators give the impression of being in overbought zone.MACD gives bullish cross over and RSI rebound from high and trading @ 68.327 mark.
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3265
3250
3220
3300
3320
3345

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