The IBEX rose slightly during the session on Wednesday as we continue to bounce around the €8200 level. Looking at this chart, it does appear that we
The IBEX rose slightly during the session on Wednesday as we continue to bounce around the €8200 level. Looking at this chart, it does appear that we could see a little bit of a pullback going forward, but we think that the €8000 level would be an absolutely splendid place to buy any signs of support. Obviously, a break above the top of the shooting star for the Wednesday session would also be a buy signal as it would be fresh new highs, and as such we wouldn’t hesitate to do so there either. As for selling, we simply do not have any interest at this moment.
IBEX 35 Futures Forecast December 27, 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.
