SGX Report : STI Technical Analysis Outlook 2nd Dec

Market Review for STI:
Shares of Singapore opened up with the Straits Times Index up 24.47 points to 3,330.11.Singapore shares moved up in morning as oil prices rebound from five-year lows prompted short-covering. Therefore Market breadth was slightly positive but Investors at large remained worried. Top 5 Stocks for Tomorrow

STI Day Performance
Open	3322.32
High	3337.57
Low	3304.83
Close	3322.32
Change(Points)	16.68
% Change	0.50 %
Volume	1159.7
Rise	204
Fall	155
Unch	427

Market forecast for STI:
STI may go down as we can see a bearish movement in the market though the market was little up.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3330	3290	3280	3340	3355	3365

Technical Indicators:
RSI is at 54 and CCI is at 15.26

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SIA.SG	10.9	2.83	CITYDEV.SG	9.89	-1.69
OLAM INTL.SG	2.13	2.4	HONGKONGLAND USD.SG	6.77	-1.17
THAIBEV.SG	0.675	2.27	SIA ENGINEERING.SG	4.07	-0.97
GOLDEN AGRI-RES.SG	0.455	2.25	JMH USD.SG	62.05	-0.56
OCBC BANK.SG	10.39	1.66	KEPPEL CORP.SG	8.53	-0.35

Important Factor for today:-

• SINGAPORE - Falling oil prices pushed the ringgit to a 10-month low against the Singapore dollar on Monday, on concerns that Malaysia's heavy reliance on oil-related revenue would hurt growth.
• One Singdollar now buys RM2.63, a 2.3 per cent slide from RM2.57 last week. This was the ringgit's steepest two-day slide since the Asian financial crisis, and analysts expect that it will fall further.
• Asian shares were mixed on Tuesday following a weak lead from Wall Street, while energy firms clawed back some losses and airlines dipped after oil prices rebounded from multi-year lows
• Too much optimism has been "baked into" Singapore's office property market, even though landlords can still expect favourable rental prospects over the next 12 months amid a benign supply situation, according to AmFraser.
• Spackman Entertainment Group has inked a non-binding memorandum of understanding to buy 51 per cent of post-production house Fireworks Co, the Korean entertainment production company announced early Tuesday.
• (SGX) has hired TradingScreen to create its over-the-counter Asian bond trading platform, TradingScreen announced on Tuesday.