SaxoTV

Neighbour: Going cold on Centrica amid FTSE uncertainty

304 views
October 22, 2015 british gas, central banks, central markets, centrica, commodities, commodity, commodity strategy, commodity trading, e4q, energy, eq, eq3, equities, equities 2014, equities over valued, equities prices, equities saxo, equities strength, equities trading, equities v bonds, equity, equity analyst, equity bubble, equity clients, equity correction, equity decline, equity index, equity market, equity market 2014, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity risk premium, equity risk premiums, equity strategy, equity trading, equity us, ft, ftft, ftse, ftse 100, ftse 100 bear trend, ftse 100 index, ftse 14 year high, ftse 7000, ftse all-time highs, ftse bearish, ftse bullish, ftse emerging economies, ftse emerging markets, ftse fourteen year high, ftse futures, ftse gains, ftse index, ftse index 100, ftse index bull, ftse investing, ftse negative, ftse negativef, ftse precise action, ftse record highs, ftse stocks, ftse trading, ftse100, ftse250, gas, gas industry, gas price, gas prices, gas production, gasoline, joe neighbour, joe neighbour trading, neighbour, saxo bank, saxo tv, stock, stock market, stock markets, stock trading, stocks, strong dollar, tf, tft, trading, tradingf, tradingfloor.com, weq
Joe Neighbour from Central Markets sees more short-term weakness in the price of Centrica, the British gas owner.

Centrica looks like it's a victim of FTSE uncertainty, with no follow through in either direction, 

"The shares broke down below short term trend resistance yesterday and finished at the lows of the session. We are also seeing the momentum indicators roll over suggesting more weakness will be seen." says Joe.

Selling into strength to the lows at GBP 2.18 

Stop: GBP 2.45