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
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
