21 July 2016 at 7:13 GMT
European equity indices mostly producing bullish days yesterday and look likely to extend today. We are buying dips in Dax, CAC & SA40. However, we are slightly more cautious on FTSE with evidence of bearish divergence on the daily chart and looking to fade the current move around 6740. This is a high risk trade and low risk traders should wait for a short term reversal after prices have reached this level. We will update as and when this takes place.