FTSE MIB Futures Forecast October 31, 2012, Technical Analysis

Milan saw a slight increase during the session after first falling on Tuesday. Right now, it looks as if this market has significant support at the 15,000 level, as such we are not willing to sell at this point time. If we managed to break the highs from the Tuesday session however, we would be willing to take a small long position in this futures market.

The longer this European debt crisis drags out, the more complacent people seem to get about the prospects of some type of meltdown. Because of this, these peripheral indices will occasionally get a slow grind higher as the fear creeps out of the market. This is what we believe is happening currently, and as such do expect to see higher prices.

 

FTSE MIB Futures Forecast October 31, 2012, Technical Analysis
FTSE MIB Futures Forecast October 31, 2012, Technical Analysis

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