Gulf Times - Gulf Times Business
Technical analysis of the QSE index
The general index closed up by 2.26% from last week and closed at 10,598.40. The index has been creating a risingwedge price formation, which is a bearish reversal formation (if breached downwards). However, the trend remains and intact. We keep our expected weekly support level to 9,600 points the resistance at the 11,000 level.