Straits Times Index is still struggling to find directions.

Straits Times Index is still struggling to find directions.

It turned out to be a flat week for Straits Times Index but it was coupled with exciting breakout movements. The week first started with its breakout attempt at 3330 level but it failed to materialise as sellers were still holding the resistance strongly. On Tuesday, STI started to retrace and this price action might trigger a retracement movement. However, on Wednesday, STI decided to break out of the strong resistance at 3330 level instead. The bullish sentiment continues to flood in on Thursday’s opening session but the sellers gained an upper hand on that day, causing STI to close in red. The bearish momentum continued on Friday and therefore, STI ended at 3327.09 level. For the volatile week, STI only managed to gain 1.59pts. How will this week fare for STI? Will the bullish side prevail or bearishness …