ITD 7 high was likely IN at 1.672 on Dec 2. As I said in my Nov 28 post "since MTD is travelling down, ITD 7 high will likely arrive earlier. It could be as early as 4 trading days."
ITD 8 low is due on average Dec 21. ONS is expected to report 3rd revision of 3rd Quarter GDP on Dec 22. If they revise up another few percentage, then we may see some rally, good timing for ITD 8 low to be due.
Although ITD position might be slightly unclear, MTD outlook still seems to be the clearest with MTD travelling down until around end of Dec. I still think we could break 1.627 by the end of this month.
