Daily Markets Briefing: STI closes flat

But yes, it could rebound.

According to OCBC, both the Dow Jones and S&P500 indices surged to another new all-time high overnight; this is likely to cue the local bourse to a positive start this morning.

Here's more from OCBC:

The STI which was still hovering around the 3280 base yesterday after a flat close, could rebound from here back in the direction of the 3330 immediate resistance.

Beyond that, the next hurdle lies at the 3360-3370 key gap zone. On the downside, we still see the subsequent base at the 3220 key trough.

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