European indices close higher on the day and near highs for the day Spain’s Ibex trades the highest level since February 10

  
Analysis, Global Indices

The major European stock indices closed near high levels and up solidly on the day.

The Spain’s Ibex traded to the highest level since February 10 and move within a few points of the high for 2022 in the process.

The closing levels are showing:

  • German DAX, +1.59% at 14231
  • France’s CAC +1.78% at 6410.50
  • UK’s FTSE 100 +0.56% at 7564.92
  • Spain’s Ibex +1.47% at 8888.81
  • Italy’s FTSE MIB +1.22% at 24546

Looking at the hourly chart of the Spain’s Ibex, the price moved into a topside swing area ceiling between 8863.1 and 8912.20. A move above the upper extreme would take the price to the highest level in 2022 (and the highest level since November 19, 2021).

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