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The Ibex, with the 7,600 'on target' while the Chinese stock markets continue to advance


The Ibex could try again attack the resistance you have at 7,600 points this Tuesday (and more specifically in the 7,663 points) supported, also again, in the good behavior of Chinese bags, which have continued to advance positions after Monday's high.

Beijing has not reported any new Covid-19 infection for the first time in a month. Meanwhile, in Australia, the state of Victoria is considering a four-week shutdown statewide, as the number of new infections continues to increase. 191 new cases were seen yesterday.

He Reserve Bank of Australia kept rates unchanged at 0.25% at their monetary policy meeting this morning. The agency has stressed that it will not increase rates until the CPI remains on target and moves towards full employment.

In United States, the non-manufacturing ISM surprised this Monday and rebounded to 57.1, suggesting that the recovery of the services sector was underway in June. However, the service sector is not yet out of the woods, as the resurgence of Covid cases in the great states of Florida, Texas and California may have hurt consumption and service activity in July.

As for the technical aspect of the Ibex, the week started attacking the 7,600 point resistance, prices that came to exceed throughout this Monday. At the close, however, ended up shaping a figure of indecision that could make us think of some declines in order to cover the bullish gap that was left this Monday at 7,400 points, indicates César Nuez, an analyst at Bolsamanía and head of Trader Watch. "We would only see a sign of strength with overcoming the resistance of 7,663 points, highs of the bearish gap that was left on June 11. Exceeding these prices would make us think of an extension of earnings to the level of 8,000 points, "he adds.

. (tagsToTranslate) Ibex (t) 7,600 (t) shot & # 039; (t) while (t) Chinese bags (t) (t) keep (t) moving forward (t) Category: All (t) Category: Market Report ( t) Category: Pulses (t) Category: Pulses Europe

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