The IBEX 35 Index futures fell over the course of the last five sessions as his week ended up relatively negative. However, we still think that the €8000
The IBEX 35 Index futures fell over the course of the last five sessions as his week ended up relatively negative. However, we still think that the €8000 level is very supportive, and we could see a supportive move from that area. You also have to keep in mind that this is the last week of the year, and therefore very thin the trading has been going on. We don’t read too much into the selloff, but cannot ignore the fact that this market has shot straight up since August. We still believe that supportive candles should be bought as is market should continue to go much higher.
IBEX 35 Index Futures forecast for the week of December 31, 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.
