Saturday, 23 June 2018

STRAITS TIMES INDEX - 1 WORD TO SAY BEARISH

The slide from 3400 was a slow sliding drop without much fanfare panic. When Dow Jones & Hang Seng index was rallying lately, STI did the opposite(dropping). Sign of weakness seen in the index given that Singapore economy rely on exporting and US-CHINA trade war is seen as hurting Singapore given its close economy relation with China. STI support at 3200(to watch for next week)
 
 

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