IBEX Intraday: bullish bias above 8274.

ESP35

Trading Central 2021-01-14 16:47:05

Pivot: 8274

Our preference: long positions above 8274 with targets at 8428 & 8500 in extension.

Alternative scenario: below 8274 look for further downside with 8214 & 8135 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

8530 **

8500 **

8428 **

8375 Last

8274 **

8214 **

8135 **

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