DIB Technical Overview
Posted on Monday, October 3 2016 at 4:27 am GMT+0000Short term long activation above the 5.43.
Long term traders should wait for stronger trending characteristics before preparing to acquire new positions, with the market continuing to show weak signals. In the medium term prices dipped in an attempt to test the 5.32 level, reflecting the market’s inability to continue towards higher levels, and warning for a possible upcoming consolidation. Short term traders shall stay neutral for the moment monitoring for any signs of reversal before entering new long positions. At the moment only an immediate break above the 5.43 will validate such scenario, suggesting further advances towards the 5.49 and 5.60.
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