The Milanese exchange had a fairly negative session for much of the Tuesday trading day, but the futures found support at the 15,000 level yet again. This
The Milanese exchange had a fairly negative session for much of the Tuesday trading day, but the futures found support at the 15,000 level yet again. This bounce formed a hammer; it appears that a break of the highs from the Tuesday session should see this market march back towards the 16,200 level.
Whether or not we can get through that level was completely different conversation, but nonetheless it does look like a short-term opportunity is presenting itself right now. On a break above the highs from the Tuesday session, buying this contract could be the way to go for the next three or 400 points.
MIB Futures Forecast December 12, 2012, Technical Analysis
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.
