France- Credit- Agr achieves the initial target– Analysis – 7-12-2018

Credit- Agr price succeeded to form a strong bearish attack in its last trading, affected by the strength of the resistance at 11.10, to notice achieving its first main targets at 10.10, we expect gaining new negative momentum by the stability of the price to break the current barrier and to begin targeting new negative levels that might extend to 9.50m to face the main bearish channel.

Stochastic reach to the oversold increases the chances for gaining the negative momentum, which allows it to achieve the required break and reach to the suggested negative target.

Expected trading range for today is between 10.50 and 9.50

Expected trend for today: Bearish