France: Continental shares continue to crawl negatively – Analysis – 9-10-2018

Continental shares price hinted keeping the bearish bias domination by providing new negative close below the initial resistance at 162.35, forming new negative crawl by touching 141.35 level, expecting to renew the negative attempts to press on 50% Fibonacci correction level at 133.20, while breaking this barrier will increase the chances of reaching the main target at 104.00.

Stochastic attempt to crawl towards the oversold areas confirms the suggested negativity by providing new negative momentum, to keep waiting to touch the mentioned negative targets.

Expected trading range for today is between 147.35 and 133.20

Expected trend for today: Bearish