Although a sequence of lower weekly highs is negative and signals are not strong, bullish Hammers at the low have left a cautiously bullish on the FTSE 100 following an improvement into Monday's close.
The outlook for Tuesday is to buy on the open and at 6695.0, with a stop loss at 6682.0, yesterday’s low. Targets are to 6726.0, 6740.0 and then 6760.0, a developing daily bear trend.
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