STI has been consolidating since Aug 2013 within a tight band. Current support is at 3080 & its resistance at 3180. Momentum is also slowing with bearish divergence forming at both volume & MACD indicators. More convincing breakout should happen beyond 3200. Quick look at some key FTSE ST Indices: A) FTSE ST Financials Index (FSTAS8000.SI)– Short term movement :…
Tag: Commodity Stocks
Part 2 : Cyclical sectors as focus during market bottoming – Commodities Stocks | Fundamental Analysis
In my earlier post (Banking Stocks), we look at the banking sector which is will be the first few to move during a market recovery from multi year lows. For this post, we look at the other potential sector – Commodities. For relatively cheaper valuation commodity stocks, we have Golden Agri, Sakari, Noble Group with good liquidity and strong…
Gold prices soar with the weakening of USD | Technical Analysis | Commodities
As we see the USD index depreciating to 3 years low against other major currency, it is no surprise that USD pegged commodities saw significant uptrend. Of greater interest is Gold. Earlier in the month when I last posted my analysis when Gold started to forma consolidating wedge with resistance around $1440, there were signs of bearish divergences in RSI,…
Golden Agri – More weakness – Stock Price / Stock Investment – Singapore Stock Market
Overall, the indexes are poised for some short term corrections. Into the new 2011, commodities stocks should have sufficient runway esp a generally weakening of USD. Strong support at $0.66, slow accumulation for those with bigger risk appetite. Follow us on: Share this article on: