DFMGI Technical OverviewPosted on Wednesday, December 21 2016 at 5:49 am GMT+0000
Daily top formation.
The recent break above the previous weekly top at 3623, confirmed an ease in the upside speed, amplifying the case for further advances towards the 3900 and a break above that level could drive the battle higher towards the 4250 zone. The daily top confirmation at 4600 has signaled for the initiation of a medium term corrective phase pushing both medium and short term traders to remain on the sidelines. For the interim, only clear break above the 3660 could act as a new buying opportunities provider for both scales.