Notwithstanding that the SET index
extended its gradual rebound throughout last week, gains still looked fragile due to
a lack of a leading investor group to drive the market. Moreover, a further sharp
slide in WTI crude oil prices would continue to weigh on energy names today. In a
big picture sense, we think a pullback could be in store for Thai stocks today but it
is likely to find support at 1490 points. Any break below 1480 points would signal a
reversal into a downtrend. The trading range for the SET index is expected to be
between 1490-1510 points today