Straits Times Index lacking of market interest to continue its bullish run.

Straits Times Index had a sluggish week last week as traders seem to be out of the market. Trading volume was seen to be one of the lowest. Hence, volatility was not seen during the week, causing STI to start trading in a tight range. The week first started with a gap down action which head towards its support at 3330 level. It refuses to test that support level and started to rebound on Tuesday. However, selling pressure was felt and the upside was capped. It was only on Wednesday that STI was able to test 3330 support level by making a low of 3328 level. The support held well as STI managed to rebound the next day. Further rebound efforts were seen on Friday as it hit a high of 3356 level. But selling pressure set in ...