DFMGI Technical Overview
Posted on Wednesday, December 21 2016 at 5:49 am GMT+0000Daily top formation.
The recent break above the previous weekly top at 3623, confirmed an ease in the upside speed, amplifying the case for further advances towards the 3900 and a break above that level could drive the battle higher towards the 4250 zone. The daily top confirmation at 4600 has signaled for the initiation of a medium term corrective phase pushing both medium and short term traders to remain on the sidelines. For the interim, only clear break above the 3660 could act as a new buying opportunities provider for both scales.
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