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Kuwait's index suffered from the negative pressure - matinee analysis - 12/07/2016


Close the general index of the Kuwaiti market to a new low in recent trading on intraday levels, with a loss ratio stood at -0.29% compared to the closure, which is preceded by the equivalent of -15.39 points, amid the index influenced by breaking to support the negative technical combination formed earlier in the short term is a model rising wedge as shown in the attached chart, negative pressure continuously moving average simple for a period of 50 days prior.

And our expectations remain negative surrounding the index during the next trading, to target the support level 5286.45.

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