Photographer: Christopher Pike/Bloomberg
The Abu Dhabi market is about to launch its final rally for this 12 months. My final posting about this market originally of 2022 pinpointed the early 12 months high. Value has managed to exceed this excessive value twice briefly within the third quarter however has not managed to carry the positive aspects. The month-to-month cycle under paints the image. Value dipped with this dependable rhythm within the second quarter. The cycle rose and value adopted within the third quarter. The cycle makes its final low subsequent week and tasks a excessive within the third week of December. At that time, a decline is projected into early April. Purchase now and promote within the final half of December.
ADX Month-to-month Cycle
This correct cycle factors to increased costs over the close to time period.
