Weekly wrap of STI:
Straits Times Index up 2.40 points to 3,357.11 today .Asian markets rose as an index of Chinese manufacturing activity hit an 18-month high in July, boosting hopes for the world's number two economy, as concerns over the Ukraine crisis eased. This week started with the breakout seen from the strong resistance level of 3308.72 and the market was up through the week. Open of the week was observed at 3313.83, close was at 3340.42.

Market Forecast for week ahead:
With the ease over Ukraine crises the market took a good move this week. We may expect that the market will take correction the coming week and can be bearish for some days in a week but may end bullish breaking this week's high.
Technical Indicators:
Relative Strength Index (RSI) is above the centre line showing bullishness in the market and is at 61.89.CCI is at 67.93. The prices are above 20 & 50 days EMA.