Hang Seng ST: key resistance at 18500.
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Pivot: 18500
Our preference: short positions below 18500 with targets at 17450 & 17100 in extension.
Alternative scenario: above 18500 look for further upside with 19200 & 19700 as targets.
Comment: the index currently faces a challenging resistance area at 18500.
Supports and resistances:
19700 **
19200 ***
18500 ***
18110 Last
17450 ***
17100 ***
16600 **
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