After trading sideway for two months since August 2009, the bench mark STI finally managed to break above the tough psychological resistance at 2700 on 14^th October 2009. Studies from indicators such as the MACD suggest further upside potential for the STI as it had a bullish crossover above its signal line. In addition, the RSI oscillator is trekking upwards above the 50% neutrality level which implies that upside momentum has resurfaced. On the upside, be on the lookout for the classical resistance at 2760.A break above that level shall open up scope to set up an assault on the next classical resistance at 2820. Further out, the next key resistance to note will be at 2997. Immediate support will be at 2700, the prior resistance level now turned support level also coincides closely to the 20-day moving average. However a violation below the 2700 level will suggest a failure breakout and may see a slide towards the next classical support at 2576. The key support to watch out in this case will be at 2520.