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$BTC - Bulls vs Bears All you need to know about #bitcoin and where it's at , Fundamentally and TA speaking ; Fundamentally, there is a mixed feeling between Bulls and Bears. They both have their solid case ; Recently #bitcoin has been fueled in price by the Banking Crisis which is likely to continue, and Feds may be on no support of banks bailout, as the US Debt Ceiling has reached it's climax and Congress seem to be very against expanding it furthermore. All this Banking Craze might give #Bitcoin a real Bullish fundamental case when it comes to being applied as ; ' Be your own Bank ' ... adding in to that, Technical Case of TA with 19.6K holding so far as a Higher Low from 15K (which indicates a bullish uptrend momentum and a speculative Bottom there compared to previous Halving Cycles) While with Bears on the other side foreseeing incoming looming times for Financial Markets and a US Recession or a Global One (with BRICS coming forth united) adding high risk to TVC:DXY as a Global Reserve Currency. China and Russia have been purchasing Gold heavily past year and ongoing through 2023 Bears have a real case as well as we've seen #bitcoin being highly correlated to Equities Sector of Wall Street, so it won't escape their gravity pull on Bearish Momentum. Whatever happens between Bulls VS Bears that is yet to be seen. 2023 has been so far the year of OANDA:XAUUSD (Gold) and other precious metals due to Macro Economic Risks, Banks Meltdown, and Geo Politics (BRICS and Russia vs Ukraine ongoing war) Bitcoin being an deflationary asset in it's nature , has out-performed them YTD with a high of 72% ROI . Future belongs to the Bulls alongside deflationary assets.
by Mr_J__fx
IEA’s bullish outlook for electric vehicles “A new clean energy economy is emerging, and it is emerging much faster than many stakeholders, policymakers, industry players, and investors think today” – Fatih Birol, Executive Director, IEA during the Global EV Outlook 2023 press event on 26 April 2023. The International Energy Agency (IEA) published its Global Electric Vehicle Outlook for 2023 on 26 April. Its assessment of the state of the industry is encouraging and its projections for the industry’s growth are exciting. Electrification of road transportation is the disruptive innovation the industry has been waiting for. It appears that the tipping point has been reached. Highlights from 2022, and developments in 2023 Electric vehicle (EV) sales exceeded 10 million in 2022 (see Figure 1). This amounts to 14% of all new cars sold in 2022, up from 9% in 2021, and less than 5% in 2020. This trend has continued at the start of 2023 with over 2.3m EVs sold in the first quarter, 25% more than the same period last year. By the end of the year, sales could hit 14 million with an acceleration expected in the second half of the year1. China remains the dominant market, accounting for around 60% of global electric car sales last year, with Europe and the United States following behind. Nonetheless, there are promising signs of growth in emerging markets such as India, Thailand, and Indonesia where sales of electric cars last year more than tripled compared to 2021. The key tailwinds Policy support for the adoption of electric vehicles has never been stronger and it continues to strengthen. The European Union has set out CO2 standards for cars and vans aligned with 2030 goals set out in the Fit for 55 package. In the US, the Inflation Reduction Act (IRA), and California’s Advanced Clean Cars II rule could accelerate the journey to 50% EV market share by 20302. Given strong support from policymakers and adoption from consumers, innovation in battery manufacturing also appears to have been catalysed. While it is a given that battery chemistries will continue to evolve and greater levels of efficiency will be achieved, developments along the way, such as CATL’s recent condensed battery launch, are noteworthy and encouraging. On 19 April 2023, the Chinese battery manufacturer CATL, among the biggest names in the industry worldwide, unveiled a high-energy density, so-called ‘condensed battery’ at Auto Shanghai. CATL claims that this battery could not only meaningfully increase the range of EV batteries but could also help electrify passenger aircraft. Admittedly, there are multiple unknowns in CATL’s claims, including costs and delivery times, but it highlights how battery manufacturers are focused on achieving new degrees of efficiency. Growing competition and, therefore, more choice for consumers is also facilitating the adoption of EVs. The number of electric car models worldwide exceeded 500 in 2022, more than double compared to 20183. While this is still significantly lower than the number of internal combustion engine (ICE) models on the market, this proliferation of models is increasing competition among original equipment manufacturers (OEMs) which should help bring costs down. Electrification, however, is going beyond passenger cars. In 2022, over half of India’s three-wheeler registrations were electric. Similarly, electric light commercial vehicle sales worldwide increased by more than 90% in 2022 compared to the year before4. Such encouraging growth is also being witnessed in other market segments like electric heavy-duty trucks and buses. The forecast Even in the IEA’s stated policies scenario (STEPS – a conservative scenario which only factors in existing policies), growth of electric vehicles is expected to be strong this decade (see Figure 2). Across the globe, countries are swiftly introducing bans on the sale of new ICE vehicles. Some countries, like Norway, have taken the lead by making this ban effective from 2025. For many other countries, the bans come into effect between 2030 and 2040. Collectively, therefore, it is reasonable to expect a meaningful uptick in EV sales as we progress towards those deadlines. One of the biggest hurdles in EV adoption is the availability of ample public charging infrastructure. Fortunately, charging infrastructure is developing quickly, albeit at different rates in different countries. Overall, however, the IEA have an optimistic view on the number of publicly available charging points worldwide by 2030. A renewed focus on the supply chain According to the IEA, automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 gigawatt hours (GWh) in 2022, from about 330 GWh in 2021, primarily because of growth in electric passenger car sales. In 2022, about 60% of lithium, 30% of cobalt, and 10% of nickel demand was for EV batteries. Only five years prior, these shares were around 15%, 10% and 2%, respectively. Electric vehicles are not only driving demand for batteries, but also the underlying commodities. For investors, this means a holistic view of automotive and battery value chains is warranted when considering the electrification megatrend. For example, China holds a dominant position in both value chains and its role in terms of where it sits within the value chain is evolving rapidly. China is the biggest manufacturer of batteries worldwide but is also quickly establishing itself in the segment of car companies (OEMs) with the emergence of brands like BYD. But as competition increases, more regulation is introduced, and further innovation happens, supply chains will develop. Some links may get broken while others get formed. All in all, an exciting time to be following this space.
FRED:TOTALSA
by aneekaguptaWTE
China50 continues to be a short.CHN50 - 24h expiry - We look to Sell at 12650 (stop at 12730) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 12750 level. Our profit targets will be 12450 and 12410 Resistance: 12790 / 13180 / 13660 Support: 12400 / 11845 / 11140 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:CHINA50Short
by VantageMarkets
JD: ¿time to buy?JD is currently in a potential trend change cycle with a likely bottoming out of prices in the short-term. With the current price sitting at $35.80, buying at this level presents an advantageous entry point as the stock has potential gains of up to 200% if it returns to its previous all-time high (ATH). In potential upward movement, the initial target range sits between $43 to $45 with further immediate resistance around the $47.20 to $48.80 region. From there, if the stock continues its upward movement, JD could climb to the $63-68 range. Lastly, if the momentum continues, it could see a final upward movement to potentially reach its previous all-time high of $91.40. Despite possible fluctuations, the aforementioned levels present strong reward potential with a short-term time horizon. It is expected that JD will continue to play around with the current buy zone for several days or even up to two weeks before any significant shift occurs. Overall, cautious optimism is advised for traders with an active eye on the JD stock.
NASDAQ:JDLong
by Fractal-Surfer
Three Headwinds to Send Crude Oil Into Free FallNot too long ago, Gasoline prices rattled American car drivers with a price tag of USD 5 a gallon. And now, much to their delight, gasoline prices have eased to USD 3.50 a gallon. Slump in crude prices which influences gasoline has plunged by one-third over the last twelve months. A barrel of West Texas Intermediate ("WTI") trades around USD 70. Rattled US consumers, underwhelming Chinese recovery, and robust supply will drag crude oil prices down even further in the near term at least until OPEC+ meeting on June 4th. Barring an OPEC+ “shock-and-awe” intervention, crude oil will continue losing steam. This paper argues that a short position in CME Micro WTI Crude Oil expiring in July (MCLN2023) with an entry of USD 71.90 a barrel with a target of 64.80, and hedged by a stop loss at 75.60, is likely to yield a reward-to-risk ratio of 1.9x. RATTLED BUT RESILIENT. US CONSUMER SENTIMENT IS WEAKENING. Oil prices face massive headwinds in the near term in line with frail U.S. consumer sentiment. It slumped to a six-month low as a debt ceiling drama fuelled worries about the economic outlook. The University of Michigan's preliminary reading of consumer sentiment index clocked 57.7 pointing to the lowest reading since last November and down from 63.5 in April. Consumer sentiment tumbled 9% wiping out over half of the gains achieved after the all-time historic low from last June. While current macroeconomic data show little sign of recession, consumers’ worry about the economy escalated this month. Expectations for the economy a year from now sank 23% from last month. Longer term expectations contracted 16% highlighting that consumers concerns that economic downturn will not be shortlived. Consumers have demonstrated resilience thus far. But their anticipation of a recession will trigger to cut spending when signs of weakness emerge. An unresolved banking crisis and a prolonging debt ceiling drama paint a dismal picture for US consumers. It will amplify if debt default drama continues this week with rising likelihood of default and the resulting economic consequences. UNDERWHELMING CHINESE RECOVERY The much-anticipated economic rebound never occurred, but to describe it as underwhelming might be an understatement. Broad economic indicators point to weakening instead of recovery. Industrial production and retail sales missed forecasts. Unemployment rate among youth set a record high of 20.4%. A frail global economy adds to China’s gloom. High inflation and elevated rates in China’s key destination countries have slashed demand for Chinese products. Exporters at China’s largest trade fair reported a drop in overseas orders. Infrastructure and manufacturing investment, which have helped to offset the slump in property investment, both slowed in April from the previous month, a sign of more subdued government spending and weak business confidence. The property market remains weak despite early signs of a pickup in housing sales. Consumers are reluctant to borrow. China’s home price growth slowed in April. Indicators show slowing momentum in home purchases despite Government’s effort to prop up the real estate. China’s housing starts is at its lowest when compared over the last 10 years. Property investment shrank more than 16% in April YoY even though home sales grew. Construction of new homes continued to decline. New household loans, posted the first decline in 12 months in April 2023, suggesting that residents repaid more than they borrowed. NOT WEAK DEMAND BUT UNSEEN ROBUST OIL SUPPLY More than Expected Supply Given the gloomy headlines, it is easy to fall prey to the notion that demand is the problem. The real problem is too much supply, argues Javier Blas of Bloomberg. Unexpected production is primarily coming from OPEC+ countries despite promise of supply cuts. Many oil producing nations are unknowingly participants of the prisoner's game. Demand Remains Steady The IEA raised its forecast for 2023 global oil demand by 400,000 bpd, setting a record daily consumption of 102 million barrels. In short, demand remains resilient. IEA’s optimism may be misplaced, and oil demand growth might soften. But its forecast accounts for pessimistic diesel outlook. Presently, the oil market has all its eyes on Washington. The US gulps two out of every ten barrels pumped worldwide. But America is not the oil market. Its consumption lead has narrowed significantly. In 2023, the combined consumption of China and India (21.4 million bpd) is expected to be larger than the US (20.3 million bpd). The real hurdle holding back an oil rally is supply. The need for cash in producing nations forces them to pump more. These countries are trying to make up for lost revenues by ramping up volumes to compensate for what they are losing due to lower prices. MANAGED MONEY ARE BEARISH AT LEVELS UNSEEN SINCE 2011 Net position of non-commercial players is at its most bearish levels since 2011 across a combination of major oil contracts. Non-commercial participants include hedge funds, proprietary trading groups, asset managers, among others. Other Reportable Positions represent open interest by large participants that trade their own accounts and do not fit into any other category. TRADE SETUP Amid gloomy outlook and strong headwinds, this paper posits that a short position in CME Micro WTI Crude Oil Futures expiring in July (MCLN2023) with an entry of USD 72.00 with a target of 64.80, and hedged by a stop at 75.60, is likely to deliver a reward-to-risk ratio of 1.9x. • Entry: 71.90 USD/barrel • Target: 64.80 USD/barrel • Stop: 75.60 USD/barrel • Profit at Target: USD 710 • Loss at Stop: USD 370 • Reward-to-risk: 1.9x MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
NYMEX:MCLN2023Short
by mintdotfinance
CFX the NEO killer Opinion: In the ever-evolving landscape of digital currencies, Conflux (CFX) has been carving out its niche. This innovative cryptocurrency has been turning heads due to its unique benefits and deep-rooted connections to China and Hong Kong. The Unique Edge of CFX Cryptocurrency CFX, the proprietary token of the Conflux Network, stands out from the crowd of cryptocurrencies with several distinct advantages. Foremost among these is its ability to handle a high volume of transactions per second without sacrificing security or decentralization, as reported by CoinDesk. This scalability makes it a prime choice for developers and businesses aiming to create decentralized applications (DApps). Additionally, CFX transactions are both swift and economical. The Conflux Network employs a unique Tree-Graph consensus mechanism, which facilitates rapid transaction confirmation times and minimal fees. This makes it an attractive option for users who need to make frequent transactions. The China-CFX Connection CFX's ties to China are robust and multifaceted. The Conflux Network was established by a team of Chinese computer scientists and is the only public blockchain in China to receive state endorsement. This governmental approval gives CFX a unique standing in the Chinese cryptocurrency market and could potentially drive widespread adoption within the country. CFX has also been proactive in forging partnerships and launching initiatives within China. A case in point is their collaboration for an NFT (Non-Fungible Token) airdrop in China, as highlighted by Cointelegraph. This event was a significant milestone, demonstrating the potential of CFX and NFTs in the Chinese market. CFX's Footprint in Hong Kong CFX's influence extends beyond mainland China to Hong Kong. The Conflux Network has been actively involved in the Hong Kong blockchain community, participating in various events and initiatives. This active engagement helps to raise the profile of CFX in Hong Kong and strengthens its ties with the local blockchain community. The Potential of CFX and Its Governmental Ties The Conflux Network, powered by CFX, has a broad range of potential applications. It can be utilized to develop decentralized applications across a variety of sectors, including finance, gaming, and supply chain management. The network's scalability, speed, and low transaction fees make it an appealing platform for developers and businesses. Furthermore, CFX's relationship with the Chinese government could open up unique opportunities. The Chinese government has been actively investigating the use of blockchain technology in various sectors, as noted by South China Morning Post. As the only state-endorsed public blockchain in China, the Conflux Network could play a pivotal role in these initiatives. Strengthening Network Resilience: The Growth of CFX Miners Hashrate An important aspect of the Conflux Network's growth and resilience is the steady increase in its miners' hashrate. The hashrate, which measures the computational power of the network, has been on an upward trajectory, indicating a growing number of miners contributing to the network. This growth in hashrate is a testament to the increasing trust and commitment of miners in the Conflux Network. A higher hashrate not only signifies a more secure network but also enhances the network's resilience against potential attacks. As more miners join the network and contribute their computational power, it becomes increasingly difficult for any single entity to gain control over the network, thereby ensuring the integrity and security of the CFX blockchain. This growing resilience is a key factor in the Conflux Network's potential for long-term success and stability. Moreover, the rise in hashrate also reflects the increasing recognition of CFX's potential among miners. As the network continues to grow and evolve, it is expected to attract even more miners, further strengthening its security and resilience. This trend underscores the promising future of CFX as a robust and secure platform for decentralized applications and transactions. Conclusion CFX is a cryptocurrency with immense potential, offering unique advantages and strong ties to China and Hong Kong. Its scalability, speed, and low transaction fees make it an attractive option for users and developers. Moreover, its strong connections to the Chinese government could lead to unique opportunities and widespread adoption in China. As the world continues to embrace blockchain technology, CFX is well-positioned to play a significant role in this digital revolution. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
1
USD JPY - FUNDAMENTAL ANALYSISYen Undervalued, Yuan to Lose Ground Danske Bank continues to expect that the Bank of Japan will tighten monetary policy this year, although the timing remains very uncertain. While a key argument against the Euro is that the currency is overvalued, it considers that the Japanese currency is substantially undervalued. According to Danske; “Overall, USD/JPY seems fundamentally overvalued and combined with potential monetary policy tightening; we expect the cross to drop below 130 on a 6-12M horizon. If inflationary pressures in Japan continue to persist, it will increasingly build pressure on the ultra-dovish stance that the BoJ has. Danske expects the Chinese yuan will lose ground due to broad dollar gains. A weaker Chinese currency would also act as a barrier to Euro gains.
Short
by thunderpips
VIPS (Long) - Undervalued Outperforming Chinese GemFundamentals The Chinese market has not performed rather well year-to-date, which makes the price action of VIPS that more impressive . Despite the wider market struggling, the firm showed strong growth last year with 35% growth in earnings. The recovering Chinese market might propel even more demand (which is the Chinese government actively supporting) and of which NYSE:VIPS would be one of the major beneficiaries The company is also quite undervalued with P/E = 9.8 and P/S = 0.6 The fundamentals are pristine with negligible amount of debt and high returns on equity and assets The market is smelling internal strength and earnings next week might serve as a perfect propellent to rocket the stock out of the base Technicals The company has been basing and creating a rounding base since the start of the year My main selling point is the impressive relative strength . While the Chinese tech market has been deteriorating since the start of the year, VIPS has been standing strong, buying back every possible breakdown. I have been actively watching price action on this stock for two months and investors are actively buying any potential downside. Relative strength against AMEX:KWEB is shown at the bottom of the chart, clearly pointing higher; RSI is breaking above 60; MACD is breaking out; stochastics are showing strength and the A/D line has been strengthening throughout the basing process Overall, the pattern very much looks like a bull flag about to break out Trade One option is to enter now and catch a perfect buy point, but then there is a need to risk a negative earnings surprise (I chose this option and entered today) Or wait until after the earnings which would be safer but risking a worse buying point; decision is up to your risk appetite Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:VIPSLong
by jurajholik
Looking for CN50 rallies.CHN50 - 24h expiry Buying pressure from 12916 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 13355 level. We look to Sell at 13355 (stop at 13455) Our profit targets will be 13105 and 13055 Resistance: 13660 / 14440 / 15080 Support: 12790 / 12400 / 11845 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:CN50USDShort
by OANDA
The case for a Weaker Yuan The most recent Caixin Manufacturing PMI dipped below 50, landing back in contraction territory after two prints above the 50-mark. As the world's top exporter, China is acutely sensitive to fluctuations in both exports and manufacturing numbers. Historically, we've seen periods of Yuan devaluation during times of contracting Manufacturing PMI and exports as China works to invigorate export demand. With the latest PMI number trending lower, it's worth pondering whether this signals a movement toward a weaker Yuan. A more detailed examination of Chinese economic data presents some reasons for concern. Chinese export-related economic data has collectively taken a downward turn. This could stimulate further Yuan weakening as the government strives to reinvigorate exports. Moreover, as the world's second-largest oil importer, lower oil prices gives China additional leeway in weakening its currency, as the ripple effects of higher oil prices are tempered. From a technical perspective, the CNH is teetering on the edge of the 200-day moving average, and prices have once more nudged above the 0.382 Fibonacci retracement level. Meanwhile, in a shorter timeframe, we notice price action breaking out of the ascending triangle and nearing the top of the wedge pattern. With the USD breaking to the upside coupled with the potential for a weakening Yuan, we think this makes the case for a higher USDCNH. Taking a risk-managed long at the current level of 6.9520, a prudent stop 6.8930 and take profit level at 7.0900. A Standard Size USD/Offshore RMB (CNH) Futures represents 100,000 USD. Prices are quoted in RMB per USD, each 0.0001 per USD increment equal to 10 CNH. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com
CME:CNH1!Long
by inspirante
8
CN50 to find support at previous swing low?CHN50 - 24h expiry - We look to Buy at 13005 (stop at 12925) We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Our short term bias remains positive. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to set longs at our bespoke support levels at 13000, resulting In improved risk/reward. Our profit targets will be 13205 and 13255 Resistance: 13660 / 14440 / 15080 Support: 12785 / 12400 / 11845 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:CHINA50Long
by VantageMarkets
CN50 to find support at previous resistance?CHN50 - 24h expiry Selling posted in Asia. The current move lower is expected to continue. Short term bias has turned positive. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 13200 level. We look to Buy at 13205 (stop at 13125) Our profit targets will be 13405 and 13445 Resistance: 13660 / 14440 / 15080 Support: 13180 / 12790 / 12400 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:CHINA50Long
by VantageMarkets