1. It is another boring week for the STI. It had been range bound for the past 6 weeks. From the chart, the STI continue to fluctuate within its long term 'Green trend line'. The 10weeks Moving Average (MA) is still down and had not moved up to cross the 40weeks MA. Technically, this still implies that the STI index is still bearish and we are not out of the woods yet. No changes to the last week forecast as the Index is still in range bound.
2. For the coming week ahead:
Resistance: 3,270
Support: 3,120
