The Milanese index fell during the session on Wednesday as we continue to see an overall malaise in this marketplace. The peripheral parts of Europe in
The Milanese index fell during the session on Wednesday as we continue to see an overall malaise in this marketplace. The peripheral parts of Europe in general are suffering, and Italy would be no exception. If we managed to break down below the lows from the trading session on Wednesday, we think we could easily fall back down to the 15,000 level. In fact, that is our base case, and that is what we expect to see. We are not interested in buying this market, and will only sell it on that break down.
MIB Index Futures Forecast November 29, 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.
