Wednesday, 1 June 2011

Straits Asia Resources breaks out on new mining license and higher coal prices .. but general market to pause and correct when STi hit 3180 after recent run called on 25 may , holding out for jobs non-farm payroll data from US coming out Friday ( with ADP report on wed nite ) and Germany's review of Greece Rescue package over weekend ... so buyers beware ..

for our  last bull call on Commodity & offshore Marine stocks on 25 may , see

Pure Commodity Coal Mining Stock StraitsAsia Resources breaks out of long holding wedge pattern on new coal mining license and higher coal prices on increased china demand    - next resistance $3.20 then maybe $3.27  followed by $3.36 if market conditions are good though highly unlikely in next few days given STi is near strong resistance at 3180

Kepcorp will hit our upper range of recent bull call at 11.60 tomorrow but suffer a downward reaction there together with STi at 3180 ( see .

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