(MENAFN- Gulf Times) The QSE Index managed to drag itself higher by 0.15% on thin volumes over the past week vs the week before. Technical indicators are becoming increasingly idle and lack of volume is not making projections easy. We reiterate our opinion that the index should be swinging between the 11,800 support level and update the resistance level to 12,600. And again, breaking below or above the mentioned levels (respectively) will define the next expected move on the index.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.