SPDR S&P China ETF

China ETF GXC struggles to break out

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After an intra-week V shape recovery, with a strong weekly candle, the GXC is now range bound (as seen in the daily chart) attempting to breakout of the range. The Daily technicals are bullish and supportive, as the weekly technicals are somewhat coiling.

We might have to wait a bit more on this one... Needs to break clean of 92.50.

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