STI Technical Analysis : Singapore Stock Market 17th Dec

Market Review for STI:

Share prices opened lower at 3220.13.Asian markets edged up on Wednesday on bargain-hunting, although gains were limited following more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meet. Marked ended with a bullishness at the level of 3227.23.

STI Day Performance
Open	3220.13
High	3232.64
Low	3200.63
Close	3227.23
Change(Points)	+12.14
% Change	+0.38%
Volume	1208.5M
Rise	174
Fall	192
Unch	829

Market forecast for STI:
It may be expected that STI will take little correction from previous down trend.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3210	3200	3190	3240	3250	3260

Technical Indicators:
RSI is at 36 and CCI is at 302.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP MARINE.SG	3.16	9.34	GOLDEN AGRI-RES.SG	0.425	-4.49
KEPPEL CORP.SG	8.22	3.01	SIA.SG	11.31	-2.42
SGX.SG	7.54	2.03	CAPITALAND.SG	3.1	-1.27
OLAM INTL.SG	1.98	1.54	SIA ENGINEERING.SG	3.92	-1.01
SEMBCORP IND.SG	4.16	1.46	WILMAR INTL.SG	3.11	-0.64

Important Factor for today:-

• Singapore's non-oil domestic exports (NODX) grew 1.6 per cent in November from a year earlier, as a jump in pharmaceuticals exports outweighed the fall in electronic shipments, figures by trade agency IE Singapore showed on Wednesday.
• Market cap of 23 Offshore Marine firms falls 15.7% in a month amid oil rout .Offshore support services firms listed in Singapore have seen their returns decline by more than one-tenth over the year, in line with falling oil prices, with some of the larger companies among these losing more than half of their returns during the same period.
• Buoyed perhaps by their year-end bonuses and the holiday season, Singapore consumers ended 2014 slightly more optimistic about their finances and the economy
• Asian markets edged up on Wednesday on bargain-hunting, although gains were limited following more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meeting.
• Supplies of western-origin fuel oil into Asia in January could hit its highest in nine months, as multi-year low crude prices fuel higher production of oil products in Europe and the America.
• The Competition Commission of Singapore (CCS) is seeking feedback on the proposed joint venture between the Boeing Company and SIA Engineering Company in Singapore.