In last week, STI gain 45 points from the opening of 3185 and close higher at 3230. A white candle stick with lower shadow affirms that the index is well support at the 200 days MA.

Key Economics Data report:

Clashes between protesters and authorities intensified Friday in Egypt, as the government deployed the Army against civilians for the first time in 25 years. This anti-government uproar triggered a jump in oil prices and investors rushing to safe-haven assets, like gold, Treasuries and the dollar.

Major news in the coming week is the US Jan employment report on Friday as analysts expect about 135,000 non-farm payrolls were added in January.

Technical Analysis on STI

STI index managed to go above the major resistance at 3214 despite the index rally under low trading volume.

1) In weekly charts, white candle stick with lower shadow affirms on the support at 200 days MA ...