DIB Technical OverviewPosted on Thursday, January 26 2017 at 5:38 am GMT+0000
The recent break above the key psychological level at 6.00 has confirmed the strength of the long term ongoing Bullish momentum signaling for extended moves targeting at least 6.60. However medium term charts are reflecting a negative divergence between the oscillators and prices action. Therefore, prices could correct lower before the Bulls seize control again. Both medium and short term traders shall, at the meantime, wait for any downside pullback that might act as provider for new market entry points.