CHN50 to breakdown?

OANDA:CN50USD   China A50
CHN50 - 24h expiry

The bearish engulfing candle on the 4 hour chart is negative for sentiment.
The primary trend remains bearish.
Short term momentum is bearish.
We look for losses to be extended today.
A break of the recent low at 11356 should result in a further move lower.

We look to Sell a break of 11345 (stop at 11465)
Our profit targets will be 11045 and 10965

Resistance: 11430 / 11500 / 11574
Support: 11356 / 11300 / 11200

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