GREECE 20 FUT - 19 SEP 14- FTSE-25 , 16-9-2014

The FTSE-25 index is still in accumulation phase in the last three weeks, with a high of 390 points (8-9) and the low 370 (2/9). This is good as it helps in proper "absorption" of vendors have emerged to ensure profits after a surge in the index in August. 

 

There is support at 372 and 370 units. While these levels are maintained daily trend remains sideways. 

 

Resistance and a direct upside target is at 378, 380, 382 and 384 points before the quarter in the high 390 points. 

 

Despite atasiki phase of the Index for the last time, we believe that there are good conditions for retesting of 390 units (high quarter). 

 

Similarly, retreat and daily closing Index FTSE-25 below 370 units will aggravate the technical picture too. 

 

Long-term investors need to follow the decomposition of the range 370-390 units as a valid decomposition of this range will greatly clarify the movement of the index to the end of the year.