China’s slowing economy is showing Beijing’s ability to suppress stock swings
30 June

China’s slowing economy is showing Beijing’s ability to suppress stock swings

Technical Chart of the day: CN50

 

 

The CSI Index has posted at least 13 gaining sessions in June, the most for any month since November 2016. Thirty-day volatility has remained below that of the S&P 500 since early March, the longest stretch in more than eight years, while a gauge of expected swings on a large caps is about 18% lower than the VIX index.

 

Technically, prices have been testing the peak reached three weeks ago while also failing to break through the 20EMA indicating a range formation between the first support at 13714.6 and the peak of 13967.1. A lower support can be found at 13480.7

 

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