Steve O’Hare from First4Trading is looking for more positive moves in the FTSE 100 index this Tuesday. He believes last week’s sell-off has stalled at the long-term upward trending support line and there could be more gains today. He says price action is back within the daily Ichimoku cloud cover and signals a 50% retracement of last week’s move lower.

Steve believes that with this long-term bullish ascending triangle formation still in place,  a further drive higher is possible with a move back towards the top of this formation over the coming days. He aims to set longs from the open and on a pull-back lower towards the supporting trendline.

The UK will be in focus today; The Bank of England Governor, Mark Carney is addressing policymakers. We also get UK inflation data, although this is unlikely to provide too many surprises.

Here are Steve’s targets this Tuesday:

Buy: 6670

Stop: 6640

Target: 6800 & 6875