Improving Technicals on China Markets


China Markets
Both Shanghai Composite and CHina A50 saw a Chang of Character (CoC) within its consolidation zone. On Shanghai Composite, we saw a Spring occurring just before CoC pointing towards weak supply.

With the above demand and supply observations, we are expecting a short-term upward trend on the China markets.

Positive development towards G20 meeting? PBOC introducing measures to support the economy?