Hang Seng CEI Forecast for 3rd June 2013

CEI

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.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More