DFM Index Approaches Bear Market Lows. Again. — Dubai Analysis — GCC Market Analytics
DFM Index Approaches Bear Market Lows. Again. | GCC Market Analytics

Sunday 15 August 2010

DFM Index Approaches Bear Market Lows. Again.

Like the Saudi Tadawul Index, the DFM General Index is currently trading close to a long-term support area.   It will be interesting to see what happens over the next few days and weeks. Will the Index break the support level and set a new bear market low?  If so, will this lead to significantly lower levels in the coming months?  Or will thew Index find support around the current levels and begin to trade higher?

What do you think?


Enjoy.