Session of very strong volatility with the Vix index which marked new annual highs exceeding the limit of 36. “We recommend strong caution on the markets, as we see some commodities rise significantly and some equities fall dramatically – suggests Filippo Diodovich, Senior Market Strategist of IG Italy – we are facing a day characterized by very strong instability, in which opportunities could arise especially among raw materials (energy oil and gas, metals, aluminum, palladium and platinum and soft commodities, wheat, corn, soybeans and soybean oil) ” .
From a technical point of view, the IG Italia expert does not positively see the breaking of the 25,000 points for the Ftse Mib, and if it were to return below this threshold, the conditions could be created for further reductions with targets at 24,850 and 24,500. At the moment the main index of Piazza Affari is in the area of 24,639 points with a decline of 5%.
“The actions that the international community will take against Russia will determine the scenario for the next few days: escalation of the conflict, sanctions that are too heavy and the hypothesized exclusion of Russia from the SWIFT international payment system would severely penalize the stock market and the Italian banking sector, which is why for which Italy is the most lukewarm with regard to possible sanctions “, continues Filippo Diodovich, according to whom on the markets, we can consider ourselves within an environment that is recovering only over 26,000 points.