We are now 12 days into a sideways market, which has retraced about 50% to 3040, before rebounding strongly and settling above 3051 over the past 3 sessions. Longer term trend is still up. Key support is at 3040, key resistance is at 3088.
Noble group's price pattern is similar to the STI, but stronger. It has been drifting lower since the huge gap up from 1.28 to 1.31. That gap remains unfilled and is acting as a strong support. Key resistance is 1.38.
Golden Agri has been a huge disappointment after it released convertible bonds. The trend has been down since then. Support is now at 0.63, with resistance at 0.675.
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