09 Jun '12, 4am

Market Outlook (09/06/12): Europe Could Send STI On Roller Coaster Ride!

Market Outlook (09/06/12): Europe Could Send STI On Roller Coaster Ride!

Market Outlook (09/06/12): Europe Could Send STI On Roller Coaster Ride! by Dou on June 9, 2012 In last week, STI merely fell 8 points from the opening of 2746 and close lower at 2738. A white candle sticks with long upper lower shadow affirms that traders are beginning to buy on the recent correction. Key Economics Data report: The coming week’s events are critical for stemming the drain of confidence as the euro zone grapples with Spain’s banking crisis and the Greek election gets closer. China over the weekend are to report a series of economic data, including industrial production and retail sales, anticipated to be soft, given the People’s Bank of China‘s surprise rate cut Thursday. Technical Analysis on STI STI index had been resisted by the critical resistance at 2767 for the past 2 weeks as investors are not convinced of the rally. 1) In weekly chart, a white candl...

Full article: http://thefinance.sg/2012/06/09/market-outlook-090612-eur...

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