The IBEX 35 futures rose during the week as we continue to undulate between the €7600 level and the €8200 level. We did however manage to break a little
The IBEX 35 futures rose during the week as we continue to undulate between the €7600 level and the €8200 level. We did however manage to break a little bit higher than the previous several weeks, so it does look like we may make a run towards the €8200 level. However, until we get above that area we do not see any particular safe trade to take going forward. Alternately, if we managed to close below the €7600 level on a daily close, we think this market could break down quite a bit. More than likely, the next two weeks will be very back and forth though as the liquidity will essentially disappear.
IBEX 35 Index Futures forecast for the week of December 17, 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.
