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MIB Forecast November 9, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 7, 2015, 06:09 UTC

The Milanese exchange had an explosive move to the upside on Friday, breaking the top of the shooting star from Thursday. With that being the case, the

MIB Forecast November 9, 2015, Technical Analysis

The Milanese exchange had an explosive move to the upside on Friday, breaking the top of the shooting star from Thursday. With that being the case, the market should then continue to go higher, and then reach towards the 22,800 level. Ultimately, we do think that this market goes higher and is simply trying to build up enough momentum to break out far to the upside. We have no interest in selling, we believe that the 22,000 level remains the “floor” in this market as we continue to see bullish pressure and stock markets around the world.

 

MIB Forecast November 9, 2015, Technical Analysis
MIB Forecast November 9, 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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