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Straits Times Index at crucial support level

The Straits Times Index passed last week with a bearish note as concerns on Trumponomics might fail to happen as the market makes comments on the ability of the US president. The start of the week was on a positive note as it had attempted to make a high of 3275 level.

Strait Times Index to continue on its upside despite concerns.

Despite the short week, Straits Times Index was seen rising towards the upside last week. The week started with weak bullish sentiment as the market was scooping for reasons to trade higher. There were profit taking pressure during the early week but buyers were able to sustain the rally.

Straits Times Index at crucial resistance level

Straits Times Index went against the possibility of heading lower last week as economic uncertainty starts to ease. French election had started last week. Worries of France leaving Euro zone eased as early polls were towards Emmanuel Macron who is pro-EU.

1st Quarter earnings leads to cautiousness in Straits Times Index

1st quarter earnings announcements have started rolling out last week as market participants were busy understanding the change in companies performances are the reporting. During this period, many decided to stay cautious and stayed out of the market. Hence, Straits Times Index was affected and started the week bearishly.