Bahrain, Dubai Sitting On Crucial Support Levels

With Asian markets having had a very weak open to the week, and downside risks to oil prices, now is not the time to reverse our bearish stance on MENA stocks. Dubai And Bahrain should bounce of support levels at 1,500 and 1,400 respectively (albeit without beginning any particularly inspiring recovery). If they do not, there is little in the way of support going forward.

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