Sep'19 Contract – Bearish signals on the week have been already been confirmed, but with losses of over 320 Pts since July’s 3569 top leaving daily sentiment much oversold, Tuesday’s signals pointed to staying square on the open and to selling the rally at 3333, Monday’s Marabuzo line. This was the top and confirmed with a 34 Pt pullback from the high. With no sign that negative sentiment is ending and with signals still pointing lower the outlook for Wednesday remains bearish and the call is to sell just modestly on the open and then at 3298, today’s Asia high with a stop loss at 3338, Monday’s Marabuzo line. Targets are to 3259, this week’s open, 3230, June’s base and 3200.
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