8:40 PM
Admin
Last week STI made its 7 week lower level but today it took support near to its 3020 levels @ 3019.33 levels and closed at day low.
On the daily graph STI looking weak day by day as closed below its 50 day MA level also today STI breached its 3020 support level and closed below this.
STI formed a candlestick pattern called The Black Marubozu it is a single candlestick pattern characterized by a long black body. It does not have any shadows on either end. It is an extremely strong bearish candlestick pattern.
STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.
STI Support Level
£ STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.
STI Resistance Level
STI having Resistance @3030 and above this level it may take resistance @ 3050-3065 levels.
Technical indicators
Technical indicators are look to loosing strength on charts.
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