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.
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.
