Market Forecast for Next week

Market Forecast For Week Ahead

• STI were trading above the up sloping trend line and it breached this line last week and trade below this level continuous 2-3 days but finally closed near to this level of 3022.
• STI breached its 50 week MA level of 3032.32 and after that it made a low of 2965 levels and finally closed above its up slopping trend line and near to its MA level.
• For the coming week if STI trading above this 3018and 3032.32 its 50 day MA level than it will reverse from this level but it will not able to sustains its higher levels than it
• can took support @ its 61.8% retracement level of 2925.61 level.

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STI Market for Today

STI Market Review

STI today opens near to previous support of 3020 @ 3019.12 and after that it was not sustain that level and breached our support level of

2990 and made a low of 2988.52 but closed above 3000 mark with recovery from day's low.

STI closed today just above its 3000 mark @ 3001.85, made a low of 2988.52 and finally closed with loss of 17.27 points down by 0.57%.

STI Today

Tomorrow when STI were breached its major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA

level, than it formed a long bearish candle which denotes the bears are rules the market and in back of this today is also market follows a

down trend and breached its support level and now it can move more 100-150 points from this level.

Support for STI - As today STI made a low of 2988 but closed above 3000 mark so from this level STI still having major Support @ 2990 level and if STI can

sustain this level than it can move more down side up to 2950-2920

Resistance for STI - STI having Resistance @ 3056 its 200 Day MA level and if sustains this than can go for 3070-3100

Straits Times Today

Technical View for Straits Times

STI today opens with good gap @ 3070.60 and trading in a bearish trend whole day and made a low of 3017.01, today it breached it both

crucial support levels and fall hugely.

STI closed almost days low @ 3019.21, took support @ 3017.01 STI open with gap down @ 3070.60 and trading in a down trend and

finally closed with loss of 51.48 points down by 1.68%

Market Overview for Strait Times

STI breached its both major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA level, and after that it

were took support near to given support level of 3020 @ 3017.01 levels , but now it is in bearish zone and now it can move more 100-150

points from this level.