2020 ~ 2021 FTSE China A50 (XIN9, SGX: CN Futures) Long-term Forecast - up to 17300
Chinese stock indexes look good. Hang Seng Index (HKEX 50) and Shanghai Stock Exchange 50 Index (SSE 50) are also good.
FTSE China A50 seems to be preparing to rise higher. Now, it seems that the preparations are almost finished. In the long run, FTSE China A50 futures prices are likely to rise up to 17300. They will rise up to 15000 at least. 14590 will be a resistance, so they will fluctuate at that level.
In the short term, they are likely to fall a little. If they fall below 13700, it will be opportunities to buy. The chinese indexes will move without asking whether China's economic condition is good or bad.
[ FTSE China A50 (XIN9, SGX: CN Futures) Weekly chart]
FTSE China A50 seems to be preparing to rise higher. Now, it seems that the preparations are almost finished. In the long run, FTSE China A50 futures prices are likely to rise up to 17300. They will rise up to 15000 at least. 14590 will be a resistance, so they will fluctuate at that level.
In the short term, they are likely to fall a little. If they fall below 13700, it will be opportunities to buy. The chinese indexes will move without asking whether China's economic condition is good or bad.
[ FTSE China A50 (XIN9, SGX: CN Futures) Weekly chart]