FTSE MIB Index Forecast October 22 Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The MIB had a very weak session on Friday as we crashed back through the 16,000 level. This market did find a bit of support at the very end of the session now, which would make sense as this area we had closed in was previous resistance. The 15,850 level should be minor support, and now we need to see what the market will do next. Quite frankly, we believe that this market could easily drift down to the 15,000 level as it is a much more significant area on the chart. With this being said, we are avoiding Italian stocks for the time being.

 

FTSE MIB Index Forecast October 22 Technical Analysis

FTSE MIB Index Forecast October 22 Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About:FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.