MIB Futures Forecast November 1, 2012, Technical Analysis

The MIB had a fairly quiet session on Wednesday as the market continues to find support above the 15,000 level. This should continue to support the market, and as such we think we are simply stuck between 15,000 and 16,500.

Investing in the markets beyond core Europe is a difficult thing to do at this moment in time, and as such illegal continue to have a little bit of a drag on its indices. Looking forward, we need to break out of this range in order to place a longer-term trade, and we think that if 15,000 manages to get broken down, we could fall much quicker. As for going long, it is a little bit messier up top, but we feel a strong move above 16,500 would bring in the long-term buyers.

 

MIB Futures Forecast November 1, 2012, Technical Analysis
MIB Futures Forecast November 1, 2012, Technical Analysis

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