Hang Seng CE, Hang Seng, JGB, Kospi, Nikkei, Straits Times

Forecast for 16th January 2013 Hang Seng CE Index Jan contract Hang Seng China Enterprises Futures struggling in a very over bought market and we seem to be running out of momentum. We did manage to break above 12060 for test of the next resistance level at 12117 and topped out at 12106. The failure to close above the high of the past 3 sessions however, indicates we may be in need of some profit taking before we can embark on the next leg higher. A strong chance we pull back to 11889

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Hang Seng CE, Hang Seng, JGB, Kospi, Nikkei, Straits Times

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