MIB Futures Forecast for the week of November 12, 2012, Technical Analysis

The MIB futures fell for most of the five sessions this previous week. However, we still remain within the consolidation area of 15,000 in the bottom, and 16,000 be in the top. Because of this, we do not see an opportunity to trade this pair from a long-term perspective at the moment. However, we do see a break below the 15,000 level as being significant, and would have us put a position on. Alternately, if we managed to break above the 70,000 level we think that the all clear would be given to go much higher.

 

MIB Futures Forecast for the week of November 12, 2012, Technical Analysis
MIB Futures Forecast for the week of November 12, 2012, Technical Analysis

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