In the weekly scale graph, we can see that the price of Ibex 35 during the last week produced increases of 3.05%. However, during this week we have attended 1.2%falls. With this, for the moment The bullish continuity of Ibex 35 seems increasingly complicated without any consolidation along the way.
Therefore, we consider how most likely scenario that the price can approximate the important level of support in the 12,664.60 points area. Also highlight as support level the maximums produced at the end of last January over 12,465 points.
On the other side, like objective by purchases We can have at the price trying to reach the maximums produced last May 2008 in the area of the 13,664 points.
That said, for the moment the upward trend continues to be the most likely scenario for the medium and long term in the IBEX 35, but it is not disposable that we attend a consolidation in the short term.
In it Daily temporary scale graph We can observe that the price can maintain the positive attitude at Ibex 35 While no session is finished below 12,997.10 pointssince the drilling of the minimum produced in the session last Tuesday You can open the door to a bearish continuation.
In addition, the MACD oscillator already maintains activating cuts activated and session to session begins to provide signs of cleaning over -sales levels, so the main support level we place it over 12,878.90 points: If the price ends a session below this level, the short -term bullish objective in the 13,566 points area.
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