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MIB Forecast November 26, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 26, 2015, 05:11 UTC

The MIB as you can see had a positive session during the day on Wednesday, as it looks like the MIB is finally starting to pick up a little bit of

MIB Forecast November 26, 2015, Technical Analysis

The MIB as you can see had a positive session during the day on Wednesday, as it looks like the MIB is finally starting to pick up a little bit of positive momentum. We are buyers on short-term pullbacks and believe that this market will eventually reach towards the 23,000 level. We have no interest in selling, the MIB and of course the rest of Europe looks like it’s going to go higher over the longer term, but we also recognize that it could be very volatile between here and there as there is a lot of uncertainty.

 

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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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