Breach of resistance line imminent by Italy 40 Index

Italy 40 Index is moving towards the resistance line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Italy 40 Index continues in its current trajectory, we can expect it to reach 24625.4000 within the next 3 days.

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