DFMGI Technical Overview
Posted on Sunday, October 23 2016 at 4:37 am GMT+0000Minor correction.
Long term traders continue to be neutral for the meantime, since the market is showing weak trending characteristics, with indicators showing multiple signs warning of a consolidation move, a break above the 3625 is needed to confirm further bullish extensions. And with both medium and short term, reflecting strong bearish bias, the last rally being preserved as a corrective phase of the larger downtrend. Therefore traders shall be cautious, and wait for strong signs of ascendant reversal before materializing new long entries.
| dfmgi-en-2016-10-23 |
