The technical situation of the Italian Ftse Mib index is positive.

Prices, after having leaned on the graphic support placed at 26,000 points, in fact made a fast leap forward and rose above 29,500 (thus recording the maximums of the last few years).

The short-term trend is therefore bullish and is confirmed by the long position of the main directional indicators.

After a short consolidation pause, necessary to discharge the strong overbought, a further extension is therefore possible.

The breakout of 30,000 points will provide a new demonstration of strength and open up further room for growth (with theoretical targets in the 30,280-30,320 area first and towards 30,500 points later).

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Difficult for now to hypothesise a bearish trend reversal: a descent below 26,850 points is dangerous, even if, from a graphical point of view, only a daily close below 26,000 could provide a negative signal.

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The following ETFs can be used to invest in the Italian Ftse Mib index:

Xtrackers Ftse Mib, ISIN LU0274212538. This ETF has assets under management of EUR 44 mln, provides for the physical replication of the underlying and adopts a distribution policy (with dividends being distributed annually to investors). The total expense ratio (TER) is 0.30% per annum.

iShares Ftse Mib, ISIN IE00B53L4X51. This ETF has €186m in assets under management, physical replication of the underlying (via a swap) and adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.33% per annum.

Lyxor Ftse Mib, ISIN FR0010010827. It is an ETF with assets under management of 394 million euro, which provides for the physical replication of the underlying and which adopts a distribution policy (with dividends being distributed semi-annually to investors). The total expense ratio (TER) is 0.35% per annum.

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