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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 ......