Singapore: STI Index (.STI) Shares Drifted Lower Friday as Trade Concerns Escalated

Singapore: STI Index (.STI) Shares Drifted Lower Friday as Trade Concerns Escalated

Singapore: STI Index (.STI) Shares Drifted Lower Friday as Trade Concerns Escalated

Singapore shares drifted lower Friday as trade concerns escalated, damping major indexes in the U.S. and across Asia.

The Straits Times Index ended 0.38% lower at 3,213.48.

Malaysian markets were closed for the National Day holiday.

A four-day rising streak on Wall Street reversed overnight after comments from U.S. President Donald Trump. Besides reiterating his readiness to impose additional tariffs on $200-billion worth of Chinese goods as soon as the public comment period ends next week, Trump threatened to pull the U.S. out of the World Trade Organization in an interview with Bloomberg.

He is also reported to have said that his government is looking at a “formula” to determine currency manipulation by countries.

Overall, the bias in prices is: Downwards.

By the way, prices are vulnerable to a correction towards 3,307.12.

The projected upper bound is: 3,285.91.

The projected lower bound is: 3,137.59.

The projected closing price is: 3,211.75.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 21 white candles and 28 black candles for a net of 7 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 36.3930. This is not an overbought or oversold reading. The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 41.61. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 38 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -76. This is not a topping or bottoming area. The last signal was a buy 6 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.

Rex Takasugi – TD Profile

STRAITS TIMES closed down -12.240 at 3,213.480. Volume was 46% above average (neutral) and Bollinger Bands were 6% narrower than normal.

Open High Low Close Volume___
3,200.3703,227.6003,199.3403,213.480 370,878,432

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 3,223.32 3,262.77 3,424.36
Volatility: 13 14 15
Volume: 234,529,216 238,296,640 242,285,088

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


STRAITS TIMES is currently 6.2% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of .STI (mildly bearish). Our trend forecasting oscillators are currently bearish on .STI and have had this outlook for the last 9 periods.

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