Friday, August 5, 2011

FT Global Wind Energy Index Fund OUTLOOK 3.8.2011

FAN (FT Global Wind Energy Index Fund): Rebound expected.

Pivot: 9.60
Our forecast: a bounce towards 10.60 is expected.
Comment: the index is close to a support area. The daily RSI is supported by a rising trend line while the daily MACD is posting a bullish divergence.

To leverage our Trend Opinion on the FT Global Wind Energy Index Fund rate we selected the following strategy.

Buy at last price ($9.74) - FAN - FT Global Wind Energy Index Fund

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