DAILY DEC'19 FTSE - Tuesday's trade idea and technicals
Dec'19 contract - This week’s signals have switched to bearish and these have already been confirmed as our 1st downside target has been met with Monday’s near 100 Pt losses. This is negative, but the worst trading day for sentiment in 2 months, since the 2nd October, has already left intraday sentiment oversold and there is the potential for bounces. These should be temporary and the outlook for Tuesday remains bearish and the call is to sell just modestly on the open and then at 7334.0, Monday’s Marabuzo line with a stop loss at 7373.0, this week’s opening trade. Targets are to 7276.0, yesterday’s low, 7242.5, the window which has been left open since the 21st November close and 7191.0, November’s low trade.
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