In last week, STI lost another 37 points from the opening of 3161 and close lower at 3124. A black candle stick with long upper/lower shadow similar to a “Doji” indicates the bulls and bears are having a fierce fight.
Key Economics Data report:
Europe failed to agree on how to share the cost of bank collapses as Germany resisted attempts by France to water down rules designed to spare taxpayers in future crises.
Ministers will make a fresh attempt to break the impasse at a meeting on Wednesday, on the eve of an EU leaders summit, and resolve one of the most difficult questions posed by Europe’s banking crisis – how to shut failed banks without sowing panic or burdening taxpayers.
Technical Analysis on STI
STI re-test the critical support at 3107 in last week for the 2nd time but failed to stay above this level.
1) In ...
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