The MIB Index futures rose during the session on Thursday, and has broken out above the 16,300 level that we stated was a buy signal for us. Because of
The MIB Index futures rose during the session on Thursday, and has broken out above the 16,300 level that we stated was a buy signal for us. Because of this, we feel that this is a longer-term buy-and-hold type of market, and that we should go much higher. Obviously, there will be headline risks out there in a low volume environment, but overall we do believe in the bullishness of this marketplace. Going forward, we will buy every time we see a pullback that shows signs of support. This could be a sign of things to come in 2013, as it appears that Europe is healing.
MIB Index Futures Forecast December 21, 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.
