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MIB Forecast November 13, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 13, 2015, 05:32 UTC

The MIB fell hard during the course of the day on Thursday, as we broke below the 22,000 level. However, there is a significant amount of support just

MIB Forecast November 13, 2015, Technical Analysis

The MIB fell hard during the course of the day on Thursday, as we broke below the 22,000 level. However, there is a significant amount of support just below, so we are not willing to sell this market. We are simply waiting to see if we get a supportive candle, and we will use that as an opportunity at take advantage of value in a market that still looks ready to try to fight its way higher. The following Euro over the longer term should continue to make investment in this market attractive.


 

MIB Forecast November 13, 2015, Technical Analysis
MIB Forecast November 13, 2015, Technical Analysis

About the Author

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.

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