In last week, STI gain 36 points from the opening of 3025 and close higher at 3061 marking its first weekly gain since Feb 2011. A white candle stick with short upper/lower shadow indicates the selling pressure has eased and investors began to buy in.

Key Economics Data report:

Oil will likely put pressure on the stock market as investors monitor the situation in the Middle East.

Stocks prices seesawed in the past week as they gain on good data from U.S. economy and fall when oil prices rose. Dow closed 39 points higher for the week at 12,169 and S&P 500 merely gains just 1 point at 1321.

Oil gained another solid 6.7% to $104.42 per barrel with gold rose almost $20 to $1428.20 per ounce.

Investors even shrugged off the positive US jobless rate on Friday which fell to 8.9% and choose to ...