CN50 dips continue to attract buyers.

5月16日

CN50USD - 24h expiry

Price action has stalled at good support levels and currently trades just above here (12550).
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 12650 will confirm the bullish momentum.
The measured move target is 12800.

We look to Buy at 12550 (stop at 12450)
Our profit targets will be 12800 and 12850

Resistance: 12650 / 12750 / 12800
Support: 12600 / 12550 / 12500

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