Daily Markets Briefing: STI up 0.4%

Expect more gains today.

According to OCBC, despite the pull-back on Wall Street overnight, the positive US index futures this morning is likely to mitigate any pessimism in the local market.

Here's more from OCBC:

After an unexpected 0.4% climb in the last session, the STI looks poised to climb higher for a test at the 3460 key resistance in the days ahead.

Above that, we see the next hurdle at the 3500 psychological hurdle.

On the downside, 3390 is still the immediate base, followed by the next support at the 3360 key resistance-turned-support.

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