TECHNICAL REPORT

ON

G l o b a l R e s e a r c h L i m i t e d

SINGAPORE

E X C H A N G E

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18th Dec, 2013

Figure: 1, Period: Daily

G l o b a l R e s e a r c h L i m i t e d

SINGAPORE

E X C H A N G E

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Support 1

Support 2

Support 3

Resistance 1

Resistance 2

Resistance 3

3015

2990

3095

3095

3120

Straits Times Levels

3040

G l o b a l R e s e a r c h L i m i t e d

SINGAPORE

E X C H A N G E

TECHNICAL VIEW

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Singapore Equities opened with good gap and closed higher than previous days close.

Singapore shares open above resistance level of 3065 @ 3073.07 and then it made day high @ 3077.71 and traded

whole day above opening level but end of the day it fell below this mark and closed @ 3067.57 after making day low

3063.38 with gain of 13.80 points down by 0.45%.

Some 2.53 billion shares, valued at S$791.4 million were traded. Gainers numbered 222 while losers

numbered 157.

MARKET REVIEW

STI again traded in very narrow range but closed with gait opened with good gap. as investors are cautious

about upcoming FED meeting.

STI again formed a small candlestick as it was very narrow range trading, but the positive thing is STI closed

above resistance level of 3065.

As per the technical outlook of STI, currently it is in bearish trend and also crossed its major support zone

3065. So for further improvement in trend STI need to maintain it self above 3165 mark.

MARKET FORECAST

STI having immediate support @ 3040 level and below this level it can take support @3015-2990 will be the support zone for STI.

SUPPORT

STI having immediate Resistance @3075 and above this level it may take resistance @ 3095-3120

RESISTANCE

Technical indicators MACD, RSI and CCI are turning lower.

Technical indicators

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