NicoS

Ftse mib short term

Short
FX:ITA40   None
The divergence between oscillator and price movement ended the up-trend started June, 2013. The price recently tested the long term support in 19.800 area, without confirming the break. The index is expected to approach the 19.600 area on the long term support, and then starting again towards higher levels.
The advice is to wait until the price reaches 19.600 zone, then buy if the support holds, or sell in the occurrence of the break of support.

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