DFMGI Technical Overview

DFMGI Technical Overview

Under pressure.

As extended correction exposed weakness to the long term uptrend, all Bullish scenarios remain on hold until evidence of a strong bottom is provided. While the medium term remains strongly Bearish and the market continued to lower levels after a break below previous 52 weeks low at 3440. And with the short term figuring out Bearish characteristics, traders shall treat any upside reaction that stay limited below 3480 as a corrective phase, and remain aware that any break below the 3410 level would further back the short term downtrend.