The Ibex as you can see fell during the course of the session on Tuesday, testing the 11,100 level. We believe that there is a significant “floor” at the
The Ibex as you can see fell during the course of the session on Tuesday, testing the 11,100 level. We believe that there is a significant “floor” at the 11,000 handle, so we think that the buyers will step back into this market again and again order to pushes market higher eventually. We believe that the Ibex will be supported, and therefore we are buyers going forward. We believe that the market is probably going to reach towards the 11,600 level given enough time, and as a result we are buyers only in this marketplace.
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.
