Important Factors for tuesday

Important Factors for today

• Singapore's retail sales up 15.8% in February compared to a year ago.
  
  
• Singapore non-oil exports seen down for second month in March.
  
  
• Singapore shares rose as risk appetite grew following the Monetary Authority of Singapore's decision to hold back from weakening the local currency.
  
  
• The key 10-year Singapore Government Securities (SGS) has risen some 1.4 per cent in the past two weeks while the yield has fallen more than 8 percentDollar falls after US retail report disappoints.
  
  
• The US will become a net energy exporter by 2029 as the development of crude supplies locked in shale formations bolsters oil production. Oil prices rise as US oil output seen dropping.
  
  
  
• Oil investors who amassed a US$6 billion long position in exchange traded funds, occupying as much as a third of the US futures market, are now racing for the exit at a near recordpace.

Market forecast for STI:

Market will move in the range of 3570 to 3500 .

Technical Indicators: RSI is at 79 and CCI is at 203.