Market Diary:
World Indices:

Monday, July 2, 2012

The Straits Times Index

The STI reversed from the downtrend on June 4 following a RSI bullish divergence was formed. The index has now risen for 20 days and arrived at the Fibonacci 61.8% between 2,698-3,035. Volume decreased today as prices pushed to new high. We should see a respite to bring prices closer to the moving averages.