The IBEX 35 in weekly graphic is producing a positive week with increases of 3.7% and remains over 12,400 points. The fact to highlight is that the MACD oscillator is producing ascending cuts and the price could end the week above 12,240 pointsmaximum of January 2010. In this way we prioritize advances that can approximate the price at the maximum of June 2008 at 13,049.70 points.
We can keep the area of 12,240 -12,038 points as first support levels.
In daily graph, Support levels in the gap or bullish hole last Wednesday and Thursday, January 30, Maintain as first level the area of 12,286.50 points and the maximums last Friday, December 6 at 12,153.60 points.
On the contrary, The MACD oscillator is heading to extreme overbabra reached at the end of September last year. Period in which IBEX 35 had a consolidation. Watch that in future sessions you can activate descending cuts in the MACD in daily graphic.
See the complete analysis of the 35 ibex shares