General index of the Dubai market has risen 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 46.43 points, amid stabilizing trading higher level of 3422.00, this level, which represents 50% of Fibonacci retracement levels for the bearish wave extent average (from 4253.28 to 2590.72), with a steady drumbeat of positive indicators of the relative strength of the signals, with the continued positive pressure moving average simple for a period of 50 days prior.
Therefore our expectations indicate a continued rise in the index during the next trading, to target the resistance 3618.18, which represents 61.8% of the same level of corrective levels.
Therefore our expectations indicate a continued rise in the index during the next trading, to target the resistance 3618.18, which represents 61.8% of the same level of corrective levels.
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