Friday, 20 July 2012

Straits Times request

STI previously managed to test the resistance at around 3036 and came lower.
Currently, STI is slowly coming down from the overbought region but guess it is still not enough.
Resistances to watch out for will be: 3000 (minor), 2910 (strong), 2870 (very strong).
The 2870 level will be supported by the Fibo 50% as well as the 50ma and 200ma which seems to be moving up quite fast.

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