Singapore Stock Market: Technical view on STI

Market Review:

Singapore equities open flat and closed in negative numbers. 
Singapore shares open @3181.90 levels which is lowest level of the day and then STI took support at this level and made day high @ 3197.09 and finally closed @ 3187.67 with loss of 1.090 points down by 0.03%.
Some 1.39 billion shares, valued at S$851.7 million were traded. Gainers numbered 166 while losers numbered 237.

STRAITS TIME LEVELS
Support 1	3160
Support 2	3145
Support 3	3125
Resistance 1	3205
Resistance 2	3215
Resistance 3	3235

Market forecast: 
STI took support at its up slopping trend line, which made by higher lows and STI closed with good gain. Also STI closed above its 50 & 200 day MA level.
As we mention in our weekly report that STI trading within a symmetrical triangle and also maintain itself to be within a formation so we can expect some recovery if it will maintain the same.
STI trading at support levels and taking halt @ 3162-3165 levels, so we can consider this level as a multiple support zone.

Support:

STI having immediate support @ 3160 level and below this level it can take support @3145-3125 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3205 and above this level it may take resistance @ 3215-3235

Technical indicators:

Technical indicators MACD, RSI and CCI are turning from lower.