DIB Technical OverviewPosted on Monday, January 16 2017 at 5:30 am GMT+0000
Strong upside speed.
The formation of a weekly bottom above 5.00, followed by the break above the 5.65 confirmed a change in the long term outlook signaling extended moves targeting at least the key level at 6.00. Moving to the medium where a strong upside path is dominant and the recent break above the 5.87 level allowed traders to trail their positions higher to the entry level after the completion of their initial targets. Short term traders shall be waiting for a pullback that might provide them with renewed buying opportunities.