Singapore Stock Exchange- STI Weekly Outlook (6th June - 10th June))

Weekly Wrap of STI

STI maintain itself above 3100 level as well above its 100 day MA level which is very important level for STI on daily basis. STI opens @ 3135.52 it is also a lowest point in the week and then it heading towards higher level and made a high of
3181.53 and finally closed @ 3145.67 with gain of 10.15 points up by 0.32% week on week basis. Finally with the end of the week STI closed above its 100-200 day MA levels @ 3122.64 & 3140.81 respectively, and closed just below its 50 Day MA level of 3146.50 @ 3145.67 on daily graph. Market Forecast for Week Ahead
As we previously mention in our report that STI trading below its down slopping upper trend line which made by lower highs and STI cant able to crossed this trend line and continuously trading below this range.

If we see in the weekly chart of STI than we find that it is making a technical pattern Reverse Head & Shoulder and with the end of the week , but still it not give breakout in this pattern so whenever it well not give the Breakout we can't say surely.
If STI crossed it's down slopping upper trend line than we can say the Reverse H&S is there and expects that it can move upside as per this pattern property.
As we know that STI trading above its 61.80% retracement level, and in this range it is in consolidation phrase and we know it is in 2900-3200 range from many months and for any major move it have to crossed 3272 level and for down side
have breached its 2900 level.

STI Resistance
STI having major resistance @ 3190 level above this level 3225-3250 will be the major Resistance for market. But the intermediate Resistance comes @ 3170 levels.

STI Support
STI having strong support @ its 3110 and below this level 3090-3040 will be the major support zone for coming week.
 

Technical Indicators
Technical Indicator RSI and CCI seems to be positive if it crossed its upper down slopping trend line RSI currently trading @51.79 and CCI about to be positive above 100 level it is currently trading @ 83.97. MACD not giving any clear indication.

Strait Times Index- Technical Outlook

MARKET REVIEW

Today STI sheds its last 2 days gain and made a low of 3139.69, but then it recovers and closed above 3150 levels. STI opens @ 3172.87, after opening it fell down and took support @ 3139.69 levels, and from the lower level it recovers and closed above its 3150 levels @ 3160.60 with loss of 12.27 points down by 0.39%.

MARKET FORECAST

STI not able to sustains its higher levels and after touching the level of 3181.53, STI cant sustains this level today and fell down and took support @ its 200 day MA level @ 3139.77. As we previously mention in our report that STI having 3 major MA levels together on the chart and if we see on the daily chart than we find that shorter moving average i.e. 50 day 3145 now crossed both the longer MA of 100 day i.e. 3123.64 and 200 day i.e. 3139.77, so this is the

positive sign for market. STI crossed it's down sloping upper trend line from higher level to down side as it took support @ its 200 day MA level but if it breached this

level than it can go more down side and other side if crossed higher level than go up side too.

SUPPORT

STI having strong support @ 3135 below this level 3110-3090 will be the strong support zone for market.

RESISTANCE

STI having Résistance @ 3190 levels and above this level its next major higher level comes @ 3210-3225.

TECHNICAL INDICATORS

MACD looking bullish on charts as it is gives to positive cross over and also RSI trading above its centreline of 50 @ 53.94

STI- Singapore Market Weekly Outlook (30th May- 3rd June)

Weekly Wrap of STI

This week STI was full of ups and down, on the very 1st day of week it loss ground and breached all the support levels but finally closed above 3100 levels.
STI opens @ 3168.54 and faced free fall on the very first day of trading week it fell 75.74 points and then took support @ its 50 week MA level of 3092.80, from this level it was continuously try to cover all losses and maintain it above 3100 level
and finally it covers and made a high of 3154.54 on last trading day but finally closed @ 3135.52 with loss of 33.02 points down by 1.04% wow basis.

Finally with the end of the week STI closed above its 50-100-200 day MA levels @ 3135.52, previously this level was the major level from where STI goes upwards.
Market Forecast for Week Ahead
As we previously mention in our report that STI trading below its down slopping upper trend line which made by lower
highs and STI cant able to crossed this trend line and continuously trading below this range.
If we see in the weekly chart of STI than we find that it is taking support @ its 50 week MA level past many weeks and closed above this level so this level will be act as a very strong support for market. As we know that STI trading above its 61.80% retracement level, and in this range it is in consolidation phrase and we
know it is in 2900-3200 range from many months and for any major move it have to crossed 3272 level and for down side have breached its 2900 level.

STI Resistance
STI having major resistance @ 3170 level above this level 3225-3250 will be the major Resistance for market.
STI Support
STI having strong support @ its 3110 and below this level 3090-3040 will be the major support zone for coming week.

STI forecast for coming week - 16th May- 20th May

Weekly Wrap of STI

STI took support @ its 50 weeks MA level of 3080.04 last week and this week market opens well above this level @ 3099.52 and closed with good gain.

STI opens @ 3099.52 levels and it's a lowest point of the week, after that it climbs and made a high of 3180.53 but cant sustains its higher levels and finally closed @ 3163.68 with gain of 64.16 points up by 2.07% week on week basis.

STI closed well above its major resistance level of 100 day MA @3135.80, which is good sign for the market. 

Market Forecast for Week Ahead

After a last week's sharp down fall STI took support @ 50 week MA level and this week opens above this level and maintain itself to trade above this level.

As we previously told that STI trading in a under it's down sloping trend line which is draw along with lower highs which means it is not able to maintain higher levels and making a lower highs. And this week too it was not able to cross the trend

line.

STI trading between its 76.4% and 61.8% retracement levels and because these levels are already a higher levels so STI the bulls and bear both fearful with this and taking cautious approach and result the STI trading in a range of 2910-3210 level. For the coming week if STI maintains itself above 3180-3210 level than we can expect that it can move towards higher levels, but on the other side of coin if it breached its 100 Day MA level and maintain this than it can go further down side.

STI Resistance

STI having major resistance @ 3185-3210 level above this level 3225-3250 will be the major Resistance for market.

STI Support

STI having strong support @ its 3135 level @ its 100 day MA level and below this level 3100-3170 will be the support zone

for next week

STI Singapore Technical Outlook tomorrow

MARKET REVIEW
STI opened flat in today's trading session and it has again taken resistance from higher levels. It showed negative side movements in the first half of the trading session and sustained below the support level of 3125. In the second half, it
consolidated with negative biasness, breaching the support level of 3110 it made day low of 3101.48. STI recovered later and closed at 3113.76 with the loss of 39.81 points, down by 1.26%.

MARKET FORECAST
As STI is continuously taking resistance from higher levels, so in coming session negative movement can be expected in it. Day after day it is making a high below its previous high. So it can be interpreted that it is not able to sustain at higher levels. STI crossed its 3110 mark today but did not sustain below this and consolidated sideways, if it breaches its 3110 level again and sustain below
it, a further downside can be seen. And below the support level at 3090 it is looking weak on charts.

SUPPORT
STI having strong support @ 3090 and below this level it can take support @ 3077-3063 levels.

RESISTANCE
STI having Resistance @ 3145 and above this level 3183-3200 will be the major resistance zone for STI.

TECHNICAL INDICATORS
Technical indicator MACD seems to support the negative side movement and daily RSI also seems to support this and it closed @ 43.03

Singapore Stock Market Today 13 April 2011

TECHNICAL VIEW ON STI
 

MARKET REVIEW
STI loosing the string and closed down, it's a second day on the line and today STI closed almost @ its 100 day MA level. STI opens and it fall continuously throughout the day from its 3160.44 levels and made a low of 3127.05, but than finally closed with recovery of 11 points @ 3138 with loss of 22.44 points down by 0.74%.

MARKET FORECAST
STI closed almost at its 100 day MA level of 3137.29 @ 3138 level this was a previously act as a good Resistance level. STI not maintain its higher levels of 3185 levels and again come back from their and took support @ 3127 levels, market taking a some correction or it may be consolidate at these levels.

STI trading above the its 76.4% retracement levels and for this reason it will be consolidating between the range of 3200-2900 and whenever it will not able to sustains above 3220 levels , hard for it to maintaining the higher levels.

SUPPORT
STI having strong support @ 3120 and below this level it can take support @ 3100-3080 levels.

RESISTANCE
STI having Resistance @ 3170 and above this level 3200-3225 will be the small and also major resistance zone for STI.

TECHNICAL INDICATORS
Indicators looking some overbought.

STI Today's Review and Market Forecast for tomorrow 29 March

MARKET REVIEW
After a winning strike of last week on the very first day on new week STI closed with some lose. STI opens @ 3070.84 at days high but not sustains that higher level and made a low of 3044.33 and finally closed with some points of recovery @ 3057.38 losses of 13.46 points down by 0.44%.

MARKET FORECAST
As we told in our previous reports that STI having a trading range of 2950-3120 and it is moving between this range only and before last week STI breached this 2950 level and made a low of 2919 took support @ its 61.8% retreatment level.

Today STI faced Resistance @ 3070 level which is its previous multiple support as well as Resistance level, so now this level again act as a Resistance for the Market and also it took support @ up slopping trend line today. So the coming days , STI have to maintain above its 3070 levels for upwards rally and also not to breached its up slopping trend line level if breached then it can go further down side.

SUPPORT
STI having strong support @ 3020 and below this level it can take support @ 2990-2960 levels.

RESISTANCE
STI having Resistance @ 3070 and above this level 3100-3130 will be the major resistance zone for STI.

TECHNICAL INDICATORS
MACD turn to be bullish phrase as it gave bullish crossover and also RSI reverse with today move, from up to down side but still maintain
above its centreline of 50 @ 52.24.