STI and short- and medium-term indicators have stabilised
Quarterly momentum languished during the past four trading sessions, but remains above a resistance and its own moving average. In addition, ADX is neutral after a period of being negatively placed. The 21-day RSI remains intact.

The Straits Times Index (3,052) remains within a tight range as volume dwindles. However, since medium- and short-term indicators could strengthen, the STI could rebound to the Nov 2 high of 3,116, above the declning 50-day moving average of 3,107.

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