1. The STI Index broke all support levels to close at 3,088. From the chart, the STI had close below the long term 'Red trend line'. This is not a good sign. The STI is currently in the oversold territory and a small rebound is likely. However, the overall trend remains bearish and further pull back cannot be rule out after a small rebound.
2. For the coming week ahead:
Resistance: 3,150
1st Support: 3,060
Next support 2,950
