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SINGAPORE'S
non-oil domestic exports (NODX) fell 4.6 % year-on-year in May,
extending the 1% dip in April. Compared with the month before, the
NODX dropped a seasonally-adjusted 1.1 % in May, following the 1.1
%month-on-month expansion in April.
Singapore's
home sales rose 5.4 % in May as developers marketed new projects,
according to the Urban Redevelopment Authority.
Market
Forecast for week ahead:
STI
decline week on week and crossing all support levels, this week it
made lower level near to its 3040 mark which is strong support.
It's
a 5th continuous
fall after making its recent high, as it trading between its 78.6%
and 61.8% retracement level, so we are expecting that STI can take
support @ 2966 level which is its 61.8% retracement mark.
We
expect more down fall in STI of more 100 points as on weekly graph
STI having one support @ its up slopping trend line which ended @
3000 mark and below this next support comes @ 2960 level.
STI
Resistance:
STI
having Resistance @ 3180 and above this level it may take resistance
from 3215-3250 levels.
STI
Support:
STI
having nearest support @ 3095 below this 3040-3000 will be the
support area for market.
Technical
Indicators:
Technical
indicators are giving Bearish impression.
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3095
3040
3000
3180
3215
3250
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