DFMGI Technical Overview

DFMGI Technical Overview

Corrective phase.

The recent long term move above the 3660 level, amplified the case for further advances targeting the 3900 and a break above that level could drive the battle even higher towards the 4250 zone. While The daily top confirmation at 3740 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 meantime, only a decisive break above the 3740 could restore the medium term Bullish picture, and at the same time act as a trigger for short term longs.