Potential Downside for STI

Posted On 7:51 AM by Ng Leong Yee |

6 June 2010

DJI




DJI closed with a sharp fall on last friday. Bearish pattern has established on the MACD and there is a potential confirmation of critical support break down on the classical analysis if monday DJI closes below the critical support.

Do watch out for the support level and stay short term. If critical support breaks, we might see further downside.

STI

As Singapore economic is doing well, its performance is better than most of the indexes. However, major market indexes can greatly affect STI movements.

Support level to watch out for:

1st: 2764
2nd: 2742
3rd: 2676


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