Long Term Trend (36 Months): Positive
Friday’s Close: (ASIA): 23, 965.70
UPDATE: Five months ago the HS traded up to 24,450. At that time we highlighted: “24,890 represents resistance at our proprietary up-trend line (see chart), and the high posted two weeks prior to that might represent the highest the Index trades for some time - should that resistance point hold”.
Subsequently, that region held and to- date, prices remain just under that region, but have rebounded significantly in the last five weeks.
Key support is 21,800.