Published May 1st, 2008 - 06:59 GMT Al Bawaba The bearish break this morning confirms that wave 3 (or c) within the 5 (or 3) wave bear cycle from 1.6018 is underway. The initial bearish objective is at 1.5230 and risk can be moved to 1.5643. Near term resistance is at 1.5540. LatestPopular After journalist Amal Khalil's death, activists call to cancel Israel-Lebanon meeting Fan gifts Anne Hathaway a Quran following 'Inshallah' viral moment Two trains collide in Denmark, injuring several people IAEA chief warns of rising global nuclear arms race Saudi-led rail project to link Turkey to the Gulf revives historic Hejaz route 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
