Our View
We have a favourable view of Emerging Market (EM) equities, but we prefer to wait out any short-term corrections and enter only after prices have bounced off support.
The MSCI EM Futures contract could see a bumpy start to 2024, but we expect to see further upside through 2024, supported by a depreciation in the USD once the Fed cuts interest rates...
Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. The Emerging Markets Index Future (MME1!) appears to be in a descending triangle pattern setup. The support line is observed around the 1210 level while the resistance line was created with the lower highs of 1332, 1305 and 1295. Expectations are for a breakdown in MME1! around 1210 which...
The pattern on MSCI Emerging Markets Fund clearly suggests a sell off from top across all emerging markets. However, bullish structure is still intact. Breakout from bullish flag pattern may most probably indicate the start of the next leg of this bull run.
Trend Analysis
The main view of this trade idea is on the 2-Hour chart. MSCI Emerging Market Index Futures (MME1!) appears to be in a double bottom pattern setup, with the price currently trading around the second low of the setup, around the 1300 price level. Expectations are for MME1! to rally towards the top of the double bottom pattern setup, 3.3% away from...
