Ibex starts July after losing 4% last month

The Ibex (+ 0.68%, 10.513 points) and the rest of European places debuted the month of July bouncing after losing, in the case of the Spanish index, 4% in the accumulated last month. Steelmakers (ArcelorMittal and Acerinox) are the stocks that are pulling most of the Ibex, but also rising with Repsol, Santander or BBVA.

The spanish market closed Friday below 10,500 points (at 10,444 points) after turning down in the second part of the session. The experts of Bolsamanía believe that the Spanish selective and the rest of European indexes will finally test the supports that they present in the bullish holes that left in the session last April 24.

This would mean that the Ibex would drop to 10,380 points, a level that, on the other hand, is already quite close. The good news, according to the technical analysts of 'Bolsamanía', is that the trend is still bullish so that, in their opinion, these gaps would be totally or partially rescheduled to try to restructure upwards in the coming weeks And months.

The session on Monday, like Tuesday morning, will be affected by the fact that Tuesday does not open Wall Street (for the holiday of Independence Day). This, coupled with the fact that it has started July, and with it the holiday period with force, will make the turnover almost surely resolves.

Meanwhile, oil is also up on Monday (bar Brent: + 0.16%, Barrel West Texas: + 0.30%). France's Total has announced it will sign a $ 1 billion deal to invest in a huge Iranian gas field.