DFMGI Technical OverviewPosted on Tuesday, November 8 2016 at 5:31 am GMT+0000
With both medium and short term, reflecting strong bearish bias, therefore traders shall be cautious, and wait for strong signs of ascendant reversal before materializing new long entries. Only an immediate break above the last daily bottom at 3370, will complete such pattern providing medium term traders with new buying opportunities. Where, at the other hand, any break below the key level at 3250, will cancel any potential bullish scenarios, confirming forthcoming lower moves. In the short term, a break above the 3310 barrier is the move that could restore the short term positive picture, which could prompt extensions towards the next hurdle at 3330 and perhaps 3360.