Wednesday, 26 March 2014

STRAITS TIMES INDEX BREAK OUT AT 3143 TO HIT 3200 LEVEL

The Straits Times Index has successfully taken out the 3136 resistance last hit on 7 MARCH 2014 to close the level at 3143. Global market have been rallying since MONDAY that the weak MARCH PREM PMI suggests that CHINA will loosen its tight monetary policy and kick in some stimulus to spur growth. In SINGAPORE, we expect near term strength for the STI towards the 3200 level.
 
 

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