Technical Forecast for Hang Seng CE Index

HSCEI hit profit taking & as expected broke support at 11083 to test 10996/910 which did hold as predicted but any longs need stops below 10870 today. We then look for 10798, possibly 10660/20 for a buying opportunity.

 

Resistance at 11260/11305 where we should struggle. Only a break above last week’s high of 11374 then allows further gains to resistance at 11524. Exit longs & try shorts here with stops above the March high of 11584.