The MIB Index futures rose for the week, after initially falling. The bounce came off of the 15,000 level again, and as a result we continue to
The MIB Index futures rose for the week, after initially falling. The bounce came off of the 15,000 level again, and as a result we continue to consolidate in this general vicinity. As for longer-term trade, it is going to be difficult because of the fact that we have seen such resistance at the 16,000 level. As far shorting is concerned, we need to overcome the support level at the 15,000 level in order to do so. In the meantime, we see absolutely no long-term trade until one of those levels is violated.
MIB Index Futures forecast for the week of December 17, 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.
