FTSE MIB Futures Forecast October 24, 2012, Technical Analysis

The MIB futures index fell during the session on Tuesday, as did all European indices that we watch. The market is currently sitting at the 15,500 level, an area of great support. It is because of this that we believe the Italian markets are probably most likely supported better than many of the other indices in Europe. The 15,000 level is absolutely crucial out, and if it does not hold, we could fall much further perhaps all the way down to 13,000. We will look for supportive candles in the 15,000 area, in order to go long. However, if we do not get that and we fall further, we would become aggressively short.

 

FTSE MIB Futures Forecast October 24, 2012, Technical Analysis
FTSE MIB Futures Forecast October 24, 2012, Technical Analysis

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