Technical Update - Hang Seng/HK50
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Hang Seng bounced strongly Friday ending the session a few points below resistance at 21,221. If Hang Seng closes above 21,588 the short term down trend has been reversed and a move towards 22,500 is likely. However, sentiment is still negative and selling pressure could very well resume. IF Hang Seng closes below 20,786 consider the bear trend to resume.
HK50cfd (Hang Seng future) is testing resistance around 21,100. A close above 21,591 is likely to lead to a retest of 22,653 key resistance.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.
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