Meanwhile, the STI registered just a mild 0.1% gain yesterday; this suggesting that investors are indeed getting wary as the index approaches the 3460 key peak.

As such, any gains today could be limited and it will not be a surprise to see some form of technical correction or consolidation soon.

For now, we are pegging the immediate support at the 3400 psychological level (also minor trough), with the next base lying at the 3360 key resistance-turned-support.