DFMGI Technical OverviewPosted on Thursday, May 25 2017 at 4:50 am GMT+0000
Having in mind the given neutral outlook, long term traders shall remain on the sidelines at current time with the aim to reposition only after strong trending characteristics appear on the weekly charts. While the medium term remains strongly Bearish and the break below 3380 opened the way for extended losses. Furthermore, the recent drop below 3350 has suggested an ease in the downside speed reinforcing the downtrend that is figured by the hourly charts. And therefore, any possible scenarios on both the medium and the short term are still postponed for now.