The new year would probably see the Straits Times Index still entrenched within a narrow range. Week-on-week, the index closed almost unchanged at 2,843. The sideways trend, in force since early Nov 2020 has seen support established at the 2,795 to 2,800 range. Resistance stays at the Nov 2020 high of 2,891 to 2,900. The overall trend remains upwards.  

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