1. The STI Index continue to close lower for the week at 3,028. It even briefly went below 3,000 to 2,990 during the intra-week. From the chart, the STI is still below its 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.
2. For the coming week ahead:
Resistance: 3,100
1st Support: 2,930
