The IBEX futures rose during the session on Thursday, and managed to clear and close above the €8200 level. This was the level that we've been talking
The IBEX futures rose during the session on Thursday, and managed to clear and close above the €8200 level. This was the level that we’ve been talking about for some time now, and the fact that we are over it has us buying this market now. We believe that the market has broken out now, and is now a buy-and-hold scenario. We think the €10,000 is a possibility at this point, and as a result we are not only willing to buy-and-hold, but we are willing to add every time we pulled back and find bits of support along the way.
IBEX 35 Futures Forecast December 21, 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.
