The MIB as you can see fell during the course of the session on Tuesday, testing the 23,350 level. With this, we believe that the market should continue
The MIB as you can see fell during the course of the session on Tuesday, testing the 23,350 level. With this, we believe that the market should continue to go higher though, because we did bounce in the end. We expect quite a bit of volatility, but at the end of the day we still anticipate that this market is heading towards the 24,000 region. Ultimately, we think that the “floor” in this market is somewhere near the 22,800 level below. With this, we are quietly optimistic of the MIB going forward, as the European indices look healthy.
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.
