Selected index components could gain strength

DBS GROUP HOLDINGS ($15.49) - Challenging resistance

- Prices are challenging resistance at $15.60

- Range is likely to be narrow with support at $15.12 to $15.15

- Successful break above $15.60 would indicate target of $18.44

OVERSEA-CHINESE BANKING CORP ($8.60) - Attempts to strengthen

- Prices have been unable to move above resistances at $8.60 to $8.70

- Prices are likely to stay within a sideways range

- Prices are at resistance level and could ease towards $8.30

UNITED OVERSEAS BANK ($18.28) - Unable to break out

- Prices were unable to move above confluence of 50 and 200 day moving averages at $18.50

- Break above this level would indicate upside potential

- Short term moves could be mildly lower and support is at $17.95

SIA ENGINEERING ($3.86) - Gaining strength

- Prices are attempting to break resistance at $3.84 to $3.85

- Successful break would indicate an initial up move to $3.97 an eventual target of $4.30

- Technicals look unable to sustain a breakout

- Move below $3.72 would invalidate the bullish outlook

ST ENGINEERING ($3.16) - Weakness could set in

- Quarterly momentum and 21 day RSI have weakened

- Indicators suggest that prices could ease with support at $3.10

- Resistance is at $3.24

KEPPEL CORP ($5.30) - Temporary bounce

- Price pattern looks weak

- Support for downwards drift appears at $5.12 to $5.15

- By $5.12 quarterly momentum would be ready for rebound

- Break above $5.58 would change the dull outlook

(Source:  TheEdgeSingapore Jun 6 2016)