In last week, STI gain a solid 73 points from the opening of 2738 and close higher at 2811. A white candle sticks with little upper lower shadow affirms that investors have no qualms on buying higher.

Key Economics Data report:

On Friday, a rare fight broke out between Germany and France as German Chancellor Angela Merkel criticized France’s economic performance, a swipe at Socialist President Francois Hollande, who has called for more emphasis on economic growth and less on budget austerity.

The G-20 will meet in next week to discuss the new tensions between European leaders over the deepening euro zone crisis are likely to add to long-standing differences between rich and developing economies.

Technical Analysis on STI

STI index had broken the critical resistance at 2802 and investors buy on the bullishness of the Greek vote over the weekend.

1) In weekly chart, a white candle sticks with little ...