The Milanese index had a back and forth session during the day, but we did get a gain of 1.45% in the end. Although this is somewhat encouraging, the
The Milanese index had a back and forth session during the day, but we did get a gain of 1.45% in the end. Although this is somewhat encouraging, the reality is that the market has sold off so drastically that the simplest play as the simply allow the market to bounce of that you can sell it at a higher level. Without a doubt, this is one of the sickliest of indexes that we follow, and quite frankly Italy is the last place we feel risking money is appropriate at the moment. With that being said, we are looking for a bit of a bounce at the moment, but fully expect 16,000 to offer enough resistance so that we can start selling again.
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.
