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MIB Forecast August 31, 2015, Technical Analysis

By
Christopher Lewis
Updated: Aug 29, 2015, 06:36 GMT+00:00

The Milanese exchange fell a bit during the session on Friday, but quite frankly we have more than enough support below to think that this market is going

MIB Forecast August 31, 2015, Technical Analysis

The Milanese exchange fell a bit during the session on Friday, but quite frankly we have more than enough support below to think that this market is going to continue to go higher. We have the gap that runs all the way down to the 21,500 level, and then of course the overall strength that we are seen all over the European Union right now. With this being the case, the market will offer buying opportunities from time to time, and we will look at any supportive candle as a potential long position.

MIB Forecast August 31, 2015, Technical Analysis

About the Author

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.

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