Good evening, this was another down day for the STI. I just wonder how long the drama at EU will pan out. As for now, the STI continues on its sideways move, with bias to the downside. Support at 2700 is still holding for now. But looking at the price action for the past few weeks, it appears that the bulls are getting weaker and weaker as we have have been seeing lower and lower highs each time the STI bounced off support. Things will be quite ugly if the 2700 support is broken. I would suggest investors take a wait and see attitude for now.
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