STI & 3 banks

STI has successfully covered the falling window with average volume.
The bull in STI is still very strong but coming close to a critical resistance level of about 3000

DBS has been consolidating with the long black candlestick formed last Thurs (020212).
1) Breakout from 13.7 will find itself near to the falling window of 14.2-14.48.
2) Breakdown from 13.35 will find support at 13.06

UOB is currently consolidating near the critical resistance of 17.7 which coincides with the fibo levels very nicely as well as the 200MA. Support is at around 38.2 Fibo ($16.94).

OCBC is also consolidating at the resistance 8.7 which coincides with the 200MA. Support is around 8.4 which is near the 20MA.


CONCLUSION
Banks are all consolidating, if banks were to go higher, the overall market will tend to go higher.
Chances of banks falling is higher at this juncture. Trade with care. :)