Hang Seng likely to join Dow Jones to trade lower with cautious on rate hike ahead.
On the left chart (4 hours chart), Hang Seng Futures trading in a downward sloping channel with moderate slope of -22 degree. The recent rally not able to brought the index anyway further. Price is likely to continue to trade within the range for days to come.
If the current selling continue, as long as price below 27550, price is likely to discover lower price zone 27300 and second target at 26880.
On the left chart (4 hours chart), Hang Seng Futures trading in a downward sloping channel with moderate slope of -22 degree. The recent rally not able to brought the index anyway further. Price is likely to continue to trade within the range for days to come.
If the current selling continue, as long as price below 27550, price is likely to discover lower price zone 27300 and second target at 26880.
