The IBEX had a negative session in the futures market as the Spanish index lost .66% on the session. We currently sit just above the €7800 level, and as a
The IBEX had a negative session in the futures market as the Spanish index lost .66% on the session. We currently sit just above the €7800 level, and as a result we are still stuck within a fairly tight consolidation range. The upper end of this range is at the €8000 level, and it currently looks like we’re going to be fairly content to just simply bounce around in this €200 range.
It is because of this that we feel this is a scalper’s market, and nothing more. Because of this, it is hard to give analysis other than to buy it down at €7800, and simply sell it at €8000 until proven wrong.
IBEX 35 Futures Forecast December 11, 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.
