Kuwait is trying to gain positive momentum - matinee analysis - 19/07/2016

Close the general index of the Kuwaiti market to a new low in recent trading on intraday levels, with a loss ratio stood at -0.17% compared to the closure, which is preceded by the equivalent of -9.10 points, it comes this decline amid continued bullish corrective trend in the short term, to keep the index that tries to assemble forces positive that may help him to rise, with the steady drumbeat of positive signals indicators of relative strength.

And remain positive expectations surrounding the index during the next trading, to target the critical resistance level of 5443.61, this level, which represents 38.2% of Fibonacci retracement levels for the downside wave in the short term (from 6304.39 to 4911.54) in preparation for the attack.