SINGAPORE (June 26): The Straits Times Index appears poised to move below the confluence of a support and its 50-day moving average at 2,605. On June 19, there were hints of supply/selling when the index closed below its open on a surge in volume. During the week of June 22–26, the STI managed to hold at or around its support area. In the week of June 29–July 3, the index may drift below its support area.

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