Hang Seng CEI Forecast for 3rd June 2013

HSCEI June testing support at 10283 & if we continue lower look for a test of the April low at 10142. We are getting oversold but the outlook is quite negative so any longs here needs stops below the August high of 10032.

 

Resistance at 10411 should be a challenge but above here we can exit longs & try shorts at 10500/520 with stops above 10600.