STI Technical Analysis - 20 Nov, 2015

STI Market Review

• SINGAPORE shares opened higher on Thursday.The benchmark Straits Times Index rose 26.91 points or 0.93 percent to 2,912.99. following Wall Street's gain on expectations the Federal Reserve would be confident enough about the US economy to raise rates in December. 

• STI closed 33.8 points or 1.17% higher and came off from its intra-day peak of 2932.78 and low of 2906.86.

Market Forecast

STI is expected to consolidate in next trading session. Investors are still waiting for positive trend , but market is not showing positive trend. If STI break 2940 then it may take positive side.

 

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