The MIB futures rose during the session on Tuesday, and now look poised for a breakout. There are two things going on at the moment that we currently see
The MIB futures rose during the session on Tuesday, and now look poised for a breakout. There are two things going on at the moment that we currently see in this market. The first one is a downtrend line that has been broken. If you’re a more aggressive traders, that is by far a strong enough signal to start buying. However, if you are a bit more risk averse like we are, will wait for the market to make a fresh high. We have been circled on the chart, and think that it is at roughly the 16,100 level that we could see buyers stepped back into the marketplace and put prices higher.
MIB Futures Forecast December 5, 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.
