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Technical Report on STI Technical Report on STI Technical Report on STI Technical Report on STI W E E K LY

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03rd to 07th March 2014

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Straits TimeStraits Times Technical Report on STI Technical Report on STI Technical Report on STI Technical Report on STI W E E K LY

Figure: 1, Period: Weekly

Straits Times Weekly Wrap

Resistance 3Resistance 3

Support 2Support 2

Support 3Support 3

Resistance 1Resistance 1

Resistance 2Resistance 2

3070

3050

3020

3115

3145

3165

Support 1Support 1 3112.43

3120.66

3081.67

3101.16

OpenOpen

High High

LowLow

CloseClose

-2.91Change (In Points)Change (In Points)

-0.093% Change% Change

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Technical Report on STI Technical Report on STI Technical Report on STI Technical Report on STI W E E K LY

For the last week of Feb STI dint perform as the previous week as the opening for the first three days for the week i.e. 24th to 26th Feb STI

opened higher but closed lower and gave the red candle, but for the last two trading session it manage to make a positive trend and gave a

green candle and gave the closing at 3101.16 for the week which is very close to the closing of last week 3098.25.

WEEKLY WRAP OF STI

STI having immediate Resistance @3115 and above this level it may take resistance @ 3145-3165

STI SUPPORT

STI RESISTANCE

STI having immediate support @ 3070 level and below this level it can take support @3050-3020 will be the support zone for STI.

TECHNICAL INDICATORS

Market Forecast for week ahead:

Straits TimeStraits Times

Macroeconomic factors:Singapore Inflation goes down to 1.4% in Jan where as in Dec it was 1.5%The accommodation cost rose by 2.4 % else in last month it was 2.9%,

Private Road Cost came to 3.5% in Jan as it was 2.8 in Dec.

Slow growth in Singapore's manufacturing sector from the expected for January, by 3.9% compared to last year.

China Aviation oil net profit falls 25% to US13.5Million for Q4.

Service & Manufacturing were the sector that were supported by the biggest volume.

After 3 weeks on winning strike STI loose some shine and traded below 3100 mark , however STI made week high above major resistance level

of 3115 which is above 20 week EMA level.

STI formed a long legged doji, this candle formed with both side movement and here STI opens above 3100 mark @ 3112.43 and it made

week high at 3121.29 and then it faced resistance at this level and fell below 3100 mark and made week low @ 3080.97 and then closed with

recovery with this movement STI formed a candle with long lower shadow with small upper shadow and thin body as opening and closing for

this week is almost on same level.

For comng week STI may remain upside whenever it traded above 3080 mark, its major resistance will come @ 3115-3145 level. Also

Singapore PMI and Forex Reserve will be announced on 3rd & 7th March

Corporate Action & Result Calendar as on 24th Feb 2014

Technical indicators MACD given its bullish crossover in Daily chart , RSI and CCI are trading in recovery mode , RSI is in oversold zone so we can expect recovery in it.

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