Straits Times Index is in consolidation mode again.

It had been a mixed week last week as the Straits Times Index traded indecisively. It started the week with a bullish opening but it faced strong resistance at 3350 level. This resistance level prevented STI from closing positively that day. The resistance level continued to hold for the next few days and even forced STI to test its support at 3330 level on Wednesday. The bullish underlying had helped STI to hold its support for the whole week and attempts to break 3350 resistance level was seen. On Friday, STI made another attempt to break 3350 resistance level but it continued to face resistance. Hence, the Straits Times Index closed its week exactly at its resistance level at 3350.50 level. A total of 5.18pts was only gained for the week. Can STI break through this tough resistance level this ...