Shanghai Composite continues to push strongly higher and analysts at Credit Suisse maintain a bullish outlook, with the next important medium-term resistances at 3485/87 and then the 3587 2018 high. Key quotes “Shanghai Comp continued to surge higher on Wednesday, in line with its long list of supportive technical factors which keep us biased higher. This includes very strong momentum, with the daily RSI at the highest level since 2014, suggesting we may be moving into a ‘bubble’ phase similar to that 2014 blowup, as well as the surge in volume, which is also at the highest levels since 2014/15.” “The market maintains three successive extremely bullish ‘Marubozu’ candlesticks and breaks above the January 2020 high at 3127 as well as the 3288 April 2019 high, which completed a multi-year basing structure.” “We stay biased directly higher, with the next important resistance seen at the 38.2% retracement of the 2015/2019 fall at 3485/87. Given the size of the base though, a test of the 3587 high and eventually beyond here seems likely.” “Near-term support moves higher to the 3394 lows and the risks stay directly higher whilst above here. Below here would suggest a correction back to the 3337/28 gap, which we would look to floor the market if reached.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: Bullish move stalls near a multi-month ascending trend-line hurdle FX Street 3 years Shanghai Composite continues to push strongly higher and analysts at Credit Suisse maintain a bullish outlook, with the next important medium-term resistances at 3485/87 and then the 3587 2018 high. Key quotes “Shanghai Comp continued to surge higher on Wednesday, in line with its long list of supportive technical factors which keep us biased higher. This includes very strong momentum, with the daily RSI at the highest level since 2014, suggesting we may be moving into a ‘bubble’ phase similar to that 2014 blowup, as well as the surge in volume, which is also at the highest levels since 2014/15.” … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.