China A50 - ready to take off?
As explained in this quick post, "we will look for additional long exposure on new contract (next week) and above 17200"
The market
- tested again the 17200 level (futures), 17300 in cash market - so we increased slightly our position, but still with a view to buy more in the 15-16K area if possible at some point in time during the year. #CHINA-A50#
- is currently trading below the weekly average
As for now, we consider the market bullish as long as it trades above 17200 (futures)
If it breaks below, we give up - waiting for 16500, 16000, and hopefully 15000.
European indices weakening, they can eventually be used to hedge global exposure. #Eurozone#
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