Invest
Syrian issues might calm the market but bearish movement to persist in Straits Times Index.
By Jay Chia - Your Financial Mentor  •  September 2, 2013
Syrian issues might calm the market but bearish movement to persist in Straits Times Index.

Syrian issues might calm the market but bearish movement to persist in Straits Times Index.

It was again a week of volatility for Straits Times Index as selling pressure continues to set in. The week started with an attempt to rebound but it was blocked by the gap resistance level between 3099 – 3107 levels. On Tuesday, STI went for another round of deep drop which broke multiple support levels before settling at 3000 level on Wednesday. Traders thought that the drop had overdone and were attracted to enter the market for bargain. However, sellers were getting ready at 3050 level to sell into strength which prevented STI from getting higher. STI ended the week with 59.91pts down at 3028 level. For the week, these volatile trading sessions were attributed to the concerns of break out of war at Syria. Over the weekend, US president Obama declared that they ...

...
Read the full article
By Jay Chia - Your Financial Mentor
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance