In last week, STI lost 58 points from the opening of 2906 and close lower at 2848. A black candle sticks with long lower shadow indicates that investors are buying on dip to the minor support of 2778

Key Economics Data report:

On Friday, Europe has failed to get the G-20 leaders to help out with its debt troubles, but everyone are relieved that at least they forced the Greek prime minister not to hold the world hostage with a bailout vote. The shaky bailout plan seems to be back on track for now.

Europe’s own rescue efforts created many open important questions, making cash-rich countries like China, Russia or Brazil reluctant to commit more than just words. Italy’s borrowing rates, in particular, hit worrying new highs.

Technical Analysis on STI

STI index has re-test the minor support at 2778 in this week though investors are buying on dip near ...