Straits Times Index closing off for the Year and starting a New Year trend

Last week, STI managed to climb higher and broke 3080 level despite a short Christmas week. Trading volume was seen lacking as it is common during the Christmas season. The week started off with a half day trading session where the market displayed cautious movement as it faces 3180 resistance level. STI continue to struggle at 3180 resistance level on the Boxing Day as it started to gain bullish momentum. On last Thursday, 3180 resistance level was being broken but was lacking of enthusiasm due to lack of trading activities. However, the breakout of 3180 level was being maintained on the last day of the week as STI managed to close at 3191 level. A total of 28.24pts was gained last week but it clocked the lowest volume for the year. Last Friday night, DJI ...