SINGAPORE (Mar 16): The Straits Times Index drifted lower during the week and is now supported by the confluence of the 50- and 200-day moving averages at 3,204 and 3,192 respectively. A break below this level is unlikely as down-momentum is weak. This is evidenced by falling ADX which is currently at 15. The DIs are negatively placed. Short term stochastics is approaching the low end of its range.

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