OSEBX 17.03.2008

Today we take a look at OSEBX. There was some optimism seen in the market some weeks ago, but the last few weeks all this seems to be gone. Today OSEBX ended at 391.78 after a fall of 3.30%. Looking at the price chart we see that the support level at 391 held today which must be seen as a good signal. Looking at the RSI chart we see that the lower rising trendline was broken. This must be seen as a negative signal, but we believe that RSI will once again rise above this trendline tomorrow, if not it will probably close quite near it. If the 391 level fails 379 is the next support level. As the support level held today there are good indications that there will be a rise for OSEBX tomorrow which would also give OBXEX Derivate Bull a nice day. The resistance levels to look for is 401, 409 and 414.64.