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MIB Index Futures Forecast December 3, 2012, Technical Analysis

By:
Christopher Lewis
Updated: Aug 20, 2015, 23:00 UTC

Milan had a relatively quiet day on Friday, but did show weakness and the 16,000 level. Because of this, it is very likely that we will see a pullback

MIB Index Futures Forecast December 3, 2012, Technical Analysis

Milan had a relatively quiet day on Friday, but did show weakness and the 16,000 level. Because of this, it is very likely that we will see a pullback over the next couple of sessions, perhaps for as much as 400 points. This market is very choppy and therefore very ugly – exactly the type of market we are not interested in on the whole. With that being said, we will more than likely stay on the sidelines going forward, at least until the market makes some type of clear move in one direction or the other.

 

MIB Index Futures Forecast December 3, 2012, Technical Analysis
MIB Index Futures Forecast December 3, 2012, Technical Analysis

About the Author

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.

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