1. The STI close almost unchange at 3,143 for the week. It may continue to trend down in the coming week. On a longer term, the STI is still below is long term 'Green trend line'. For the uptrend to continue, the STI have to at least go above 3,270 convincingly. For now, the 10weeks MA is trending down together with the 40weeks MA. This still implies that the STI index is still bearish and will likely to trend down further.
2. For the coming week ahead:
Resistance: 3,200
Support: 3,066
