Trend : Sideway
The strength of the wave to go further up has dissipated. STI is likely to fall back to 3030 in the early part of the week, followed by weak rebound back to its current level (3080). STI is range bound and a new catalyst is needed for it to move up. Trouble at ME and rising oil price continue to plague STI. Short term traders may like to buy at support and sell on rebound. Intermediate traders better stay sideline until the trend is clearer.
