Technical Analysis
My STI Review
By Scg8866t Stockinvesting  •  November 17, 2014
Please read the disclaimer at the bottom of my blog if you wish to continue with the contents below. STI daily chart broke its bullish channel due to MACD divergence since May 2014. 79.5% fibo support at 3280. If it fails to hold, next support will be at 61.8% 3221. RSI currently at 56.66. Japan's GDP slipped 1.6% per annum in the three months ended September. A far cry from the 2.2% expansion expected by economists. It is deemed a technical recession because Japan has experienced two straight quarterly contractions in GDP. Brent crude oil price continued to drop 0.23% to $77.74. From what I know, the largest oil producers, Saudi Arabia is selling at a price lower than the threshold it needs for state spending so as to undercut its rival. They are doing this to try to undermine the Hydraulic fracturing ......
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By Scg8866t Stockinvesting
Thanks for reading my blog. I am just an ordinary Singaporean with an avid interest in technical analysis, fundamental analysis and philosophy.
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