Thursday’s signals for FTSE 100 were mixed and for the 5th day in a row sentiment has traded sideways for a little changed close. A small sequence of lower weekly highs & lows is negative for sentiment, but ahead of today’s Scottish referendum result sentiment has improved.
With this in mind, but with the call very cautious, the outlook for Friday is to buy on the open and a 6820.0, with a stop loss at 6806.0, the overnight low. Targets are to 6870.0/75.0, September’s high on the Dec contract, 6907.5, the same top on Sep and 6950.0.