Financial data analysis graph showing stock market trends on a trading board. Horizontal composition with copy space and selective focus.
• IBEX 35 reversed from powerful resistance area
• Likely to test support level 8000.00
IBEX 35 index recently reversed down from the powerful resistance area lying between the key resistance level 8406.5 (former monthly high from January) and the upper daily Bollinger Band.
This resistance area was further strengthened by the 61.8% Fibonacci correction level of the previous sharp downward impulse from February to March of 2020.
IBEX 35 index is likely to fall further toward the next round support level 8000.00 (top of the previous 2 corrections (b) and (ii)).
Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…
USDJPY ⬆️ Buy - USDJPY broke resistance area - Likely to rise to resistance level…
Exxon Mobil ⬆️ Buy - Exxon Mobil broke resistance level 125.60 - Likely to rise…
Brent Crude oil ⬆️ Buy - BNB broke out of sideways price range - Likely…
US CPI data a bit softer than forecasts, sparking brief market optimism, but resistance remains.…
🛢️ Oil prices are finding fresh strength as geopolitical tensions in the Middle East reignite…
This website uses cookies