Hang Seng (HKFE) (Z3) Intraday: key resistance at 16990.00.
Pivot: 16990.00
Our preference: short positions below 16990.00 with targets at 16860.00 & 16750.00 in extension.
Alternative scenario: above 16990.00 look for further upside with 17070.00 & 17160.00 as targets.
Comment: the index currently faces a challenging resistance area at 16990.00.
Supports and resistances:
17160.00
17070.00
16990.00
16942.00 Last
16860.00
16750.00
16680.00
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