FTSE China A50 index intraday: under pressure below 15130.00

15130.00 is our pivot point.

Our preference: under pressure below 15130.00.

Alternative scenario: the upside breakout of 15130, would call for 15257.50 and 15335.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. FTSE China A50 index is trading under both its 20 and 50 period moving average (respectively at 15152.73 and 15074.64).

Supports and resistances:

15335.00 **

15257.50 *

15130.00 **

15080.00

15028.07 last

14875.00

14797.50 **