On 10 and 11 February, the Egyptian crisis had caused a knee-jerk reaction of the markets. A support to 4040 had then formed, reinforced by MM150 hours.
The resurgence of unrest in the Middle East affects the indices this morning, returning the ACC on the solid support to 4120, reinforced by the continuing gap .
I take this decline in 4125 to open long. The stop will be under the MM150 hours or about 4080.
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