The IBEX 35 slides to a minimum of four days dragged by Repsol and Iberdrola

  • The IBEX 35 goes back 1.50% on Friday, visiting minimums of June 30 at 14,071.
  • Repsol SA (REP) titles fall 3.81% today, reaching June 26 at € 12,300.
  • The actions of Iberdrola (IBE) lose 3.03% in the day, reaching minimum of June 5 at € 15,805.
  • The production price index falls 0.6% monthly in May, worsening the expectations of analysts.

The IBEX 35 marked a maximum of the day in 14,283, finding aggressive vendors that dragged the minimum of June 30 at 14,071. Currently, Ibex 35 operates over 14,078, losing 1.50% in the last day of the week.

Iberdrola and Repsol keep Ibex 35 on the negative field

The titles of Iberdrola (IBE) have a daily drop of 3.03%, reaching minimums of more than a month not seen since June 5 at € 15,805. Following the bassist perspective, the shares of Repsol SA (REP) retreat 3.62% today, visiting June 26 at € 12,300, ending with three consecutive sessions upwards.

In another front, eurozone production prices fall 0.6% monthly in May compared to the 0.5% descent projected, disappointing the estimates of analysts.

The IBEX 35 slides 210 points, reaching minimums of June 30 at 14,071, concluding a streak of five consecutive days with profits.

Technical levels at IBEX 35

The IBEX 35 maintains a lateral range between a short -term support given by the minimum of May 23 in 13,832 and the maximum of June 10 in 14,343. To the south, the following important support is at 13,063, pivot point of April 30, in convergence with the exponential mobile average of 9 periods.

GRAPH DIART OF IBEX 35

Source: Fx Street

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