SG Market: Spore shares are likely to face more pressure after US markets tumbled on Mon, as continued fighting near Libyan oil facilities drove oil prices above US$105/bbl. Oil price & the situation in the Middle East will continue to dictate the market in the near term. With uncertainties looming STI barely holding above the 200-day moving avarege, there appears limited near term upside with resistance tipped at 3120 & support at 3025.
Hyflux & KepCorp will be in focus after winning contracts. Tech stock will face a rougher ride.
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