22.09.2015 - We expect the price of Fluor to decline to 40.00

The price of Fluor after consolidation near the level of 45.00 reached the upper limit of the downward channel and began to decline sharply. As a result, quotations fell to local minimum near 42.50 and according to our estimates will overcome it and will continue to fall to 40.00. In case of breaking through the upper boundary of the channel and fixing above 46.00, we expect growth to 50.00. Our medium-term outlook is negative.

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