Bullish buyers were stubborn enough to hold STI from retracing yesterday despite stream of negative news from the US side. STI did faced bearish pressure in the morning as it opened with a gap down action. However, market participants were still bullish of the Singapore government’s decision to on Singdollar. Many determined that it will eventually benefit the economy. Hence, buyers came in the afternoon to push STI back to previous day’s level. A high of 3428 level was reach before it settles lower for its closing. STI closed at 3419.05 level with only 0.1pts down. Last night, DJI was seen recovering 225.48pts. Will STI be able make gains and break its resistance level today?

STI attempted to retrace but it did not confirmed its retracement yesterday. Instead, resistance at 3420 level was being tested again and this resistance level ...