Market Commentary


The index is moving in a bullish direction over the long, medium and short term The index came close to target 15500 to start the profit taking in and break down to break the level of 15000 below to test the target at 14700 - 14500, which broke below the target levels 14300 - 14000, these targets remain with the index continues below the level of 14800. We recommend observing these levels while respecting the stop loss once the 14500 level is broken down.


The index is moving in the medium and long term direction and the short term The index reached its target near 880 to start with a large profit taking to test the support level 840, which broke below it targeting 830-820 levels, we recommend monitoring these levels with respect to stop loss after breaking the level 815 down