Published April 27th, 2009 - 06:21 GMT Al Bawaba As long as .7260 is intact, there is significant bearish potential. The 200 day SMA defends resistance at the key level. Bigger picture, a complex correction may be complete from the October 2008 low. LatestPopular Netanyahu held secret visit to UAE during Iran war Iran accuses Kuwait of attacking fishing boat as Gulf dispute deepens Trump arrives in Beijing for a summit with Xi Jinping Man arrested for threatening to bomb Nintendo headquarters US most powerful nuclear trinity weapons head toward Iran Loading content ... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news