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 IAEA chief warns of rising global nuclear arms race Saudi-led rail project to link Turkey to the Gulf revives historic Hejaz route Iran seizes two ships in Strait of Hormuz Turkey buys 44 Eurofighter jets, boosting air power amid F-35 dispute 'Anta Otroq Babi': All you need to know about Arabic version of Sen Çal Kapımı 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
