As indicated by A, since resisted by the 14, 21, 31 EMA dynamic resistance and formed a Lower-Highs, the FBMACE continue to trend down. The FBMACE is lightly to test 3640 support.

As indicated by B, the Stochastic fell below 30%, and now in the short term bearish territory. This suggests that the short term movement of the FBMACE is weak, and the weakness is expected to continue unless the Stochastic could break above 30%.

As indicated by C, the -DI line stays above the +DI line, and this suggests that the volatility of the FBMACE has been on the negative side, and with the ADX line still rising, this suggests that the downtrend of the FBMACE is still intact.

In conclusion, the technical outlook for the FBMACE remains weak, as the FBMACE is still staying below the 14, 21, 31 EMA. If the FBMACE should break below 3640, it would be making a new low, which by then, fulfilled the characteristics of the downtrend, which are lower-highs and new low.

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