DIC Technical OverviewPosted on Wednesday, November 16 2016 at 5:32 am GMT+0000
Last decline halted.
With the medium term outlook showing weak trend characteristics, traders shall stay neutral for the meantime, monitoring for stronger support confirmation before attempting to acquire new longs, such scenario might be confirmed with the direct break above the 2.07. That breakout will be the move that will restore the medium term positive picture for the first time since Mid-September, and would also act as a trigger for short term traders. At the other hand a break below 1.90 would cancel any probable bullish developments and warn for further declines.