Continued general index of the Dubai market gains in recent trading on intraday levels, to achieve new profit increase of 1.35% compared to the closure, which is preceded by the equivalent of 45.93 points, under the control of the bullish correction direction in the short term, positive pressure continuously moving average simple for a period of 50 days prior .
That is why we expect further gains for the index during the next trading, to target the resistance level of 3618.18, this level, which represents 61.8% of Fibonacci retracement levels for the bearish wave average extent (from 4253.28 to 2590.72).
That is why we expect further gains for the index during the next trading, to target the resistance level of 3618.18, this level, which represents 61.8% of Fibonacci retracement levels for the bearish wave average extent (from 4253.28 to 2590.72).
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