CN50 to turnaround?

6月3日

CN50USD - 24h expiry

Price action has continued to trend strongly lower and has stalled at the previous support near 12400.
Momentum is flat, highlighting the lack of clear direction.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 12500 will confirm the bullish momentum.
The measured move target is 12600.

We look to Buy at 12400 (stop at 12340)
Our profit targets will be 12550 and 12600

Resistance: 12500 / 12600 / 12650
Support: 12400 / 12300 / 1250

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