Daily Markets Briefing: STI up 0.8%

Index poised to head higher.

OCBC Investment Research:

The gains on Wall Street overnight could continue to inspire the local bourse this morning.
After a surprising 0.8% strong rebound yesterday, STI is now poised to head higher and test the 3300 psychological resistance next.

Above the 3300 immediate hurdle, the subsequent obstacle lies at the 3330 support-turned-resistance.
On the downside, the 3250 recent trough is now the immediate support, followed by the next base at the 3220 resistance-turned-support.

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