DFMGI Technical OverviewPosted on Tuesday, February 7 2017 at 5:29 am GMT+0000
Uptrend resumption above 3740.
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 medium term traders shall be monitoring a direct break above the 3740. Such move would increase the likelihood that the medium term uptrend is resuming suggesting accelerated Bullish momentum targeting the 3810 and 3940. They shall bear in mind that the daily support at 3600 is acting as the last defense for the medium term Bullish structure.