The Milanese exchange had a very strong showing on Wednesday, as the futures market managed to climb to the 15,705 level. We still see quite a bit of
The Milanese exchange had a very strong showing on Wednesday, as the futures market managed to climb to the 15,705 level. We still see quite a bit of resistance above at the 16,000 level, and extending farther than that. Because of this, although we do see the potential bullishness in this marketplace and this is especially true when we look at other European indices right now, this is going to be one of her least favorite long trades. With that being said, we are not selling this market, but rather looking for some type of breakout above the 16,250 level before considering going long.
MIB Index Futures Forecast December 13, 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.
