Hang Seng CE, Hang Seng, Kospi, Nikkei, Straits, Topix

Forecast for 17th December 2012 Hang Seng CE Index December contract Hang Seng China Enterprises Futures did break above 11200 as well as the 200 week moving average, to give bulls the confidence to embark on a fresh buying spree and target 11318/321. We closed around here having reached 11382 during the session. No point in fighting the trend despite being drastically over bought and so above last week’s high of 11382 we can stretch to 11424, possibly as far as 11567. Support at 11255 then

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Hang Seng CE, Hang Seng, Kospi, Nikkei, Straits, Topix

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