The Straits Times Index looks somewhat tired following its rise from 2,881 in Feb to 3,207 in the first week of April, before easing slightly. Both quarterly momentum and short-term stochastics are likely to move sideways in the next three to four trading days. If they turn down, which is likely, the STI would have difficulty making much headway in the week of April 12–16. The immediate range is likely to be narrow, with the index entrenched between 3,150 to 3,220. The pause is likely to be temporary, with the uptrend resuming in a week or two. The original break above the narrow 3,071 to 3,118 range in the week of March 15–19 remains valid as does the upside of 3,368 to 3,377.

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