What is the key pivot level for the STI today?

The central pivot anchor for today's session is 4,040, which acts as the midpoint for the current structure.

What drove the STI performance on February 4th?

The index move was primarily financials-led, with positive momentum stemming from banking sector leadership during the London morning session.

What happens if the STI drops below 4,024?

A break below the 4,024.42 support level would likely see the index rotate toward the next technical target at 4,012.06.

Singapore STI Index Analysis: 4,040 Pivot Test | FXPremiere

The Singapore Straits Times Index (STI) gained 0.45% as financials led the session, with traders now eyeign critical support at 4,040.

The Singapore Straits Times Index (STI) demonstrated resilient momentum during the February 4th session, closing at 4,043.06 with a gain of 17.94 points (+0.45%). As the index navigates its current microstructure-heavy regime, the focus shifts to whether the recent financial-led rally can find durable acceptance above key technical markers during the New York handover.

Straits Times Index Session Recap

The intraday action for the STI was characterized by a healthy range between 4,024.42 and 4,046.89. In a market where STI realtime data remains the primary compass for regional sentiment, the session's strength was largely driven by banking and financial heavyweights. This sector leadership provided a necessary buffer against broader macro headwinds, though the quality of the follow-through remains contingent on USD funding conditions and offshore China sentiment.

From a chronological perspective, the STI price live action saw the London morning session providing the main impulse. This was primarily fueled by cash flow and futures basis adjustments. As we transition into the NY open, the market will decide if Europe's bullish endorsement holds or if mean reversion takes over, particularly if US front-end rates begin to shift. For active participants, the STI chart live reflects a period of range compression that often precedes a late-day expansion attempt.

Key Levels: The 4,040 Pivot Zone

The technical map for the STI live chart is currently anchored by a central pivot at 4,040. This level serves as the midpoint for today’s structural trade. Surrounding this anchor is a wider decision band ranging from 4,020 to 4,060. Acceptance outside of this band is required to signal a genuine shift in the intraday regime rather than mere noise or a "stop-run."

Immediate Resistance: 4,046.89 (Session High) and 4,059.25.
Key Support: 4,024.42 (Session Low) followed by a secondary floor at 4,012.06.

Monitoring the STI live rate at these boundaries is crucial. Structural stops should ideally be placed outside the 4,020-4,060 band to avoid being caught in the "chop zone." When the index is near these local extremes, the risk of a positioning unwind often outweighs fundamental repricing. A quick return to the 4,040 midpoint after touching an edge usually suggests a lack of institutional conviction.

Execution Strategy and Market Scenarios

The base case scenario, carrying a 61% probability, suggests a range-to-trend transition if price holds outside the current decision band. This move would likely be triggered by stable US rates or an improvement in global risk appetite. Conversely, a failure to hold the 4,040 level could invite a rotation lower toward the 4,024.42 support floor. Any STI chart analysis today must account for the high frequency of false breaks that occur during the London-NY handover.

Traders should watch for "acceptance"—where price holds outside a level for multiple rotations with shallow pullbacks. If the index fails at the session highs, a "failure-and-reverse" setup may materialize, targeting the midpoint and eventually the lower range boundaries. Always prioritize process over impulse: entries at defined levels, stops outside the noise, and taking partial profits into the first target zone.