DAILY Sep'19 FTSE - Friday's trade idea and technicals
Sep'19 - Like mainland Europe, all this week’s bearish targets have been met with an initial over 325 Pt sell-off. However, with daily sentiment subsequently oversold near the psychological 7000.0 level, here too Thursday’s signals pointed temporarily higher. Also confirmed, a 2nd higher daily low & high in a row saw gains of almost 100 Pts but limited to inside Monday’s down-day. Sellers have returned to the market in Asia this morning and although there is no clear bearish reversal pattern there is a negative bias to signals. For this reason, the outlook for Friday is cautiously negative and the call is to sell on the open and then at 7256.0, yesterday’s high with a stop loss at 7327.5, the window which has remained open since last week’s close. Targets are to 7175.0, Thursday’s open, 7082.0, Wednesday’s low and 7009.0, this week’s base.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.