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Sunday, 27 November 2016

MIDEAST STOCKS-Technicals weakening for some major markets | Reuters

MIDEAST STOCKS-Technicals weakening for some major markets | Reuters:
"The short-term technical outlook for some major Middle Eastern stocks markets appears to be weakening, which could weigh on share prices on Sunday.

Saudi Arabia's index, last at 6,797 points, closed on Thursday well off its intra-day high, failing an initial test of resistance on its April peak of 6,876 points. That level could be a ceiling for the market, at least in the short term.

Dubai's index, last at 3,324 points, failed a test on Thursday of minor resistance on its late October peak of 3,368 points."

'via Blog this'