MIB Futures Forecast November 6, 2012, Technical Analysis

Milanese stocks did very little during the session on Monday, and the futures market reflected that. Quite frankly, this market looks very quiet and like it wants to do nothing in the interim. Presently, we see this market being consolidate between the 15,000 and the 16,000 levels. With that being said, we are in the center of that consolidation pattern, so see no real trade at this point time.

Looking at this market, it should be said that there is an upward bias to this market until recently. With that being said, we feel that some kind of decision will be made soon, but in the meantime we have to assume the consolidation continues.

 

MIB Futures Forecast November 6, 2012, Technical Analysis
MIB Futures Forecast November 6, 2012, Technical Analysis

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