DAILY JUN'19 FTSE - Wednesday's trade idea and technicals
Jun'19 Contract – Despite Monday ending a sequence of lower daily highs which is usually positive for sentiment, Tuesday’s signals pointed lower. These were confirmed with initial losses of 63 Pts. However, the dip has attracted buyers from ahead of the last 5 week Marabuzo line at 7315.0, sentiment recovering into the close. Further gains overnight have left a positive bias to signals and the outlook for Wednesday is bullish and the call is to buy on the open and then at 7387.0, yesterday’s close with a stop loss at 7344.0, yesterday’s low trade. Targets are to 7430.5, Thursday’s high, 7474.0, April’s top and 7491.0/7500.0, October’s opening & high trades
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