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Monday, July 26, 2010

Straits Times Index

The STI obviously is -- bullish. It just passed a major resistance level at 1958 on Friday and closed at 2973.
However, we are into the great congested area-- the top formed at middle of May( Circle of red area), from 1958 to 3007. We have limited upside by now, I guess the market is likely stall and sideway for this week. Do watchout the support and resistance level for upside or downside move.

Support: 1958
Resistance 1: 2985
Resistance 2: 3007

2010Jul-Straits Times-800x600

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