Steve Lucas

SEP'17 FTSE - signals continue to point higher

Sep'17 Contract – Bullish signals for FTSE on the week and for Thursday have been confirmed, investors buying futures yesterday to post a 2nd higher daily low & high in a row and a gain of 69 Pts. Although this is positive and there is no sign that demand is ending, daily signals for sentiment are volatile. With this in mind the outlook for Friday is just cautiously bullish and the call is to buy only modestly on the open and then at 7402.0, Thursday’s Marabuzo line with a stop loss at 7370.0, yesterday’s low. Targets are to 7440.0, yesterday’s high, 7467.0, the 10th Aug top and 7496.5, last month’s high trade.


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Steve Lucas

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