SINGAPORE (Oct 26): Here are two charts for our analysis this week:

Straits Times Index resumes downtrend as blue chips tumble
The Straits Times Index resumed its decline as moving averages get ready to turn down. Other trend following indicators such as directional movement also confirm a downtrend. ADX is rising, and the DIs remain negatively placed. In the near term, the break below 3,109 points to a target of around 2,800.

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