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Iran Weekly Market Report - 24/12/2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Tehran Stock Exchange witnessed poor performances by major sectors this week. The TSE All-Share Index slipped by 1.2%, closing at 61,421, recording the lowest index measure since October 2015. The TEDPIX has mostly been affected by a 7% drop in the Oil Products sector. On the other hand, sugar companies have been the investors’ alternative choice, adding 4.5% in a week. By technical analysis perspective, the TSE All-Share Index has already entered its strongest support area, below 61,500.

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