The MIB Index had a similarly positive session as most European indices for the Monday trading hours, gaining 100 points. This market though is just below
The MIB Index had a similarly positive session as most European indices for the Monday trading hours, gaining 100 points. This market though is just below a significant resistance area, and as such could run into a bit of trouble going forward. We don’t see the catalyst for breaking out yet, but would not hesitate to go long if we can get above the 16,200 level. As for selling, we need to see a resistant candle somewhere near that same level in order to feel comfortable doing so. Right now though, is very likely that this market won’t do anything significant between now and the end of the year.
MIB Futures Forecast December 18, 2012, 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.
