DFMGI Technical Overview

DFMGI Technical Overview

Testing pivot support.

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, traders of both the long and medium term shall remain neutral until the daily timeframe can set the foundation of a forthcoming uptrend. The recent short term developments has signaled for probable scenarios, as an immediate break above the 3580 could confirm the strength of the short term Bullish structure and accelerate the Bullish momentum.