FTSE MIB Index Forecast October 22 Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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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.

 

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