The Spanish index barely budged during the Friday session as we continue to bounce into the €8000 level. This area should be significant resistance, and
The Spanish index barely budged during the Friday session as we continue to bounce into the €8000 level. This area should be significant resistance, and as a result we are not interested in buying at this point in time. However, on the other side we do see significant support at the €7800 level as well. This looks like a market that is boxed in, and will find it very difficult to make a serious move in one direction or the other. With that being said, this is one of her least favorite markets currently, and will be avoided.
IBEX 35 Forecast December 3, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
