Overall this week OSEBX was up 1.5% but the last few days of this week was negative. After being as high as 233.38 intra week OSEBX ended at 225,84 down 0.3% from the day before. Today we have updated the support and resistance levels. If we look at the chart we clearly see how this week ended at the support level around 226. As we discussed in our last analysis we still see the "dancing" between +DI and -DI. Question is if we are going to see larger movement for OSEBX the coming week as a consequence of +DI and -DI (as suggested by theory). If we look further at RSI we also see that RSI is close to the rising support trendline. Will there be a reaction up from the rising trendline if RSI is falling to test the support level, or will the support level fail? Putting this information together it could mean that we can see OSEBX going to 233 or 217. This is only speculation but the levels to look out for the coming days are on the upside 228, 233 and 236 (254 if you are optimistic). On the downside pay attention to 225/226, 223, 220 and 217. If you can time these levels well the Bull and Bear derivatives listed at OSE can be great to trade. Happy trading!
SB
