DFMGI Technical OverviewPosted on Thursday, March 8 2018 at 5:46 am GMT+0000
Sharp sell-off continues.
The long and medium term continue In a downtrend with momentum being accelerated with the break below the previous daily low of 3250. While medium term traders remain neutral, the downward break of the 3250 level has opened the way for a further decline with 3200 weekly support being recently breached as the market continues to new lows. The sharp sell-off is expected to continue in the near term future until the market shows signs of finding support to contain further losses.