DSI Technical OverviewPosted on Thursday, February 23 2017 at 5:36 am GMT+0000
Bullish reversal above 0.540.
At current time, long term traders shall keep their neutral stance, as the market is continuing to show weak trending features. Therefore, they should be waiting for a clearer picture before attempting to acquire any long positions. With both the long and medium term showing signs of consolidation, focus turns towards the short term scenarios, where a breakout above the 0.540 intraday top could restore the short term picture. At the other hand, the 0.450 support continue to remain significant, as any break below it could extent the declines.