The trend of the Italian index on both monthly and weekly rates is strongly bearish: starting in May 2018, this series of sales does not seem to be finished yet from a technical and fundamental point of view. At the moment the price, in line with all the main world markets, seems to be recovering after having rebounded on the level of 18000 points and should retest the resistance placed in the area 19300 points with a possible but unlikely extension up to 19500.
From this area there should be a series of short orders that will return the FTSE MIB to 18500/18000 points in a few sessions, except for changes in the political and economic scenario or the monetary policy of the European Central Bank. In any case, we will wait for the 19300 points before placing a short order.
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From this area there should be a series of short orders that will return the FTSE MIB to 18500/18000 points in a few sessions, except for changes in the political and economic scenario or the monetary policy of the European Central Bank. In any case, we will wait for the 19300 points before placing a short order.
Join us for further analysis on:
Web: www.bfcminvest.com
Instagram: www.instagram.com/bfcminvest/
Telegram: t.me/bfcminvest
Facebook Page: www.facebook.com/bfcminvestment/