DIC Technical OverviewPosted on Wednesday, July 12 2017 at 4:41 am GMT+0000
Daily bottom formation.
The long term outlook remains Bearish, currently testing primary resistance level at 2.20. With the medium term remaining Bearish despite the recent reaction, only an immediate break above the 2.20 level that provided resistance several times in the recent past will confirm Bullish reversal patterns and change the outlook. While currently Bearish, any drop below 2.08 would strengthen the Bearish pressure and signal to an initial retest of the 1.98 level.