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E-Minis Break Medium Term Bull Trigger On Chinese Property Stimulus Hopes

EQUITIES

The BBG sources report suggesting that “China is working on a new basket of measures to support the property market after existing policies failed to sustain a rebound in the ailing sector” gets more traction as e-minis firm through previous session bests, allowing a challenge of the 4,250 mark at typing.

  • Technical trend conditions remain bullish and the contract has breached the medium-term bull trigger in the form of the Feb 2 high. A decisive break above 4,250 would turn focus to the Aug 19 ’22 high (4,288.00)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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