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Wednesday, April 4, 2012

Commodities are Weakening

STI retreated back to its trading range support level at 2995 now, dropped 19 points at 2995.9( as at 3pm).

The mighty DBS dropped 28c to 13.5 now, one of the major constitute dragging down STI.
Among all major sectors, I've seen the commodities sector remain weak, stocks including indoagri, olam, Noble, Sakari and wilmar all break down to downside( except Olam at support).

Latest Update (4.07pm):
STI drop further to 2988 now, down 27 points.

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