Spain35 Analysis 02 November, 2020

• Spain35 reversed from support level 6385.00

• Likely to reach 6720.00

Spain35 previously reversed up from the support area located between the key support level 6385.00 (former monthly low from May) and the lower daily Bollinger Band.

This support zone was further strengthened by the support trendline of the multi-month down channel from July.

Spain35 is likely to rise further toward the next resistance level 6720.00 (former support which formed the daily hammer at the end of October).