The FTSE-Mib index is next to test the dynamic resistance, passing though the resistance that are currently in 18350 and 18530 area. In my opinion, the index could groped a new attack towards 19000 area (only if passing the 18.530 area), which if exceeded this time could encourage a further blow to the kidneys to the important static resistance area at 19350. Conversely, if it was confirmed the break of support at 17430 would open its doors to around 16,000 points, finding a first target in 16.799 area.
The italian economic growth prospects are not favorable. The total public debt continues to increase and tensions within the euro zone could be harbingers of negative cues in the markets. Consider that in the coming days we will have this calendar:
June 14 Fed rate decision
June 17 Three witches
June 23 Brexit
June 26 Elections in Spain
The italian economic growth prospects are not favorable. The total public debt continues to increase and tensions within the euro zone could be harbingers of negative cues in the markets. Consider that in the coming days we will have this calendar:
June 14 Fed rate decision
June 17 Three witches
June 23 Brexit
June 26 Elections in Spain
Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
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