DIC Technical Overview
Posted on Sunday, October 16 2016 at 4:39 am GMT+0000Bullish above 2.03.
With the long term outlook showing weak trend characteristics, and the medium term reflecting a strong downtrend, traders of both scales shall stay neutral for the meantime, waiting for a stronger support confirmation before taking new entry decisions. Prices fell sharply breaking below the psychological area at 2.00 forcing also short term traders to stay aside monitoring for any signs of renewed bullish implications, which will be brought by a break above the 2.03 that will complete a short term bullish reversal triggering extensions towards the 2.06 and 2.10 levels.
| dic-en-2016-10-16 |
