DFMGI Technical Overview
Posted on Monday, March 20 2017 at 5:36 am GMT+0000Probable correction.
Although the long term outlook remains Bullish the recent weekly reaction reflected weakness in the uptrend. And with the medium term reflecting a strong downtrend, both long and medium term traders shall remain out of the market until the daily timeframe can set the foundation of a forthcoming uptrend. Short term traders shall remain devoted for further decline, as long as the index remains below the 3530 and bear in mind that any dip below the 3440 would intensify the case for extended downside moves.
| DFMGI-EN 2017-03-20 |
