SINGAPORE (Feb 21): The outlook is uncertain according to the many strategy reports that are published daily.

Chart 1: STI with moving averages and momentum

Hence, even though the Straits Times Index could be buoyed by the uptrending REITs, other big cap stocks such as the banks are rangebound, and the heavyweight Jardine group including Jardine Matheson are entrenched in very narrow sideways ranges.

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