STI has finally broken the 3000 points mark! On hindsight, the STI has been climbing steadily since the start of 2012, but after so many false breaks in 2011, I guess most investors and traders and wary of getting caught on the wrong side of the trade. Support for the STI is around 2900, resistance is around 3200. This was the level which the STI was unable to break in 2011.
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