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SG Market recap 31-Jul-2006

by Gav Leave a Comment

Futures is down a little now. Before we get started a new trading day, let's have a look at STI (Straits times index) ended 31-Jul-2006. It is interesting to see STI managed to closed both 50-day and 200-day moving average. And in fact, it closed above recent downtrend line, which appeared to be an resistance area before. Earning season is yet to be over, price action of STI seems to be better for August. I am very keen to see if it manages to advance further above current level. [photopress:STI_31_jul2006.jpg,full,pp_image]

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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