The MSCI World Financials Net Total Return index is composed by 324 different equities among the financial sector of the developed countries.....
Day By Day – Indipendent Research
The index has been registered in a bullish trend for more than three months. The trend has been recently confirmed by the overflow of the 97.90 points major level. This graphic event confirmed a bullish reversal pattern formed between September and December last year.
This technical picture should generate a sustainable bullish movement toward the former tops. We are therefore bullish in the mid term.
We are therefore positive in the short term with the 111.10 points major resistance as target.
We set the invalidation level of this opinion slightly below 102 points, the first immediate support.
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||111,1 / 117,75 pts|
|Supports||102 / 97,9 pts|
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Source: ETFWorld – Day By Day – Indipendent Research