The STI fell 1.2% to close at 2990.95, below the 3000 mark. It crossed below key support levels and took support at multiple zones between 2989-2985 before closing near the day's low. Technical indicators like MACD, RSI and CCI are turning bearish. Support levels are seen at 2970 and 2950-2930, while resistance is at 3015 and 3035-3055. The market is expected to see further downside to 2950-2920 as the STI crossed below 3020.

1. SINGAPORE
EXCHANGE
Global Research Limited
04th Feb,2014
Technical
Report
www.capitalvia.com.sg

2. Global Research Limited
Technical Report
STI Day Performance
Open
3011.41
High
3015.16
Low
2989.00
Change(Points)
2990.95
% Change
-36.27
Volume
-1.20
Rise
126
Fall
245
Unch
415
STRAITS TIME LEVELS
Support 1
2970
Support 2
2950
Market Review:
Support 3
2930

Resistance1
3015
Resistance 2
3035
Resistance 3
3055
Singapore shares continue the down trend and traded below 3000 mark and
closed well below this level
Market forecast:

STI opened with gap down @ and crossed its major support level and took support multiple
support zone of 2989-2985 mark and closed near to day low with loss of 1.20%.
Top 5 Gainers

STI crossed its 3000 mark and traded below this level whole day and closed @ 2990 mark
just near to day low, for this bearish move STI made a candlestick pattern called long black
Scrip Name1
CMP
%change
16.54
0.42
ComfortDelGro
1.94
0.26
Capitaland
2.76
0
Noble Grp
0.95
0
Wilmar
3.11
line; this is a single and highly bearish candle.
-0.32
DBS
Top 5 Losers

As STI crossed its 3020 mark so we expect more down side movement in STI and it can
touch 2950-2920.
Support:

STI having immediate support @ 2970 level and below this level it can take
support @2950-2930 will be the support zone for STI.
Resistance:
Scrip Name1
CMP
%change
JSH 500US$
31.32
-3.63
Genting SP
1.34
HKLand US$
5.86
-2.66
CapMallsAsia
1.715
-2.56
JMH 400US$
52.35
-2.3
STI having immediate Resistance @3015 and above this level it may take
resistance @ 3035-3055.
-2.9

Technical indicators:

1 www.capitalvia.com.sg
Technical indicators MACD, RSI and CCI are turning.

3. Global Research Limited
Technical view on STI
Corporate Action & Result Calendar as on 04th February 2014
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2 www.capitalvia.com.sg