The MIB went back and forth during the course of the session on Friday, showing quite a bit of support just below. With this being the case, the 21,500
The MIB went back and forth during the course of the session on Friday, showing quite a bit of support just below. With this being the case, the 21,500 level is will we believe will be the massive support needed to turn this market back around due to the fact that there was a gap formed in that area. A break above the 22,000 level has us buying, as the market should then reach towards the 22,500 level. With no interest in selling at this point in time, as most European indices are looking for support.
MIB Forecast November 16, 2015, Technical Analysis
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.
