CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Technical alert: ITA40

15:06 24 February 2020

Global stock markets are in freefall mode today. The major European indices started the day with significant bearish gaps. The Italian index opened 3.5% lower today  and remained under pressure throughout the session. From a technical point of view, the index is trading near key support zone. The area at 23300 pts is marked with a lower limit of Overbalance structure as well as previous price reactions. It is also strengthened by 100-period moving average (red line). It could be a good place to start recovery but traders should keep in mind that breaking below 23300 pts would shift long-term trend to bearish. 

ITA40 D1 interval. Source: xStation5

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