DIC Technical OverviewPosted on Tuesday, September 20 2016 at 4:26 am GMT+0000
Short term bullish above 2.17.
The long term outlook is still bearish, and the medium term reflecting weak characteristics, making traders of both scales to stay neutral for the meantime, waiting for a stronger support confirmation to make new entry decisions, at the moment an immediate break above the 2.23 is needed to set medium term targets. Prices fell sharply in an attempt to retest the 2.06 pushing also short term traders to stay aside monitoring for any signs of renewed bullish implications, bringing about new market entry points. At the current moment only a decisive break above 2.17 will provide such confirmation.