FxWirePro: Daily Commodity Tracker - 21st March, 2022 
In May this year we called on our readers to go short in Chinese shares; to be specific SGX China A50 future, which is a future contract on largest 50 A share companies by full market capitalization of the securities listed in Shanghai and Shenzhen stock exchanges. A CFD (Contract for difference) instrument is also available on SGX A50 future; that is CHN50 offered by FXCM. Here is the link, https://www.econotimes.com/FxWirePro-Sell-SGX-FTSE-China-A50-Future-targeting-15-percent-decline-1298413
We recommended selling the index at the then current rate of 12550, targeting a 15 percent decline or a decline towards 10650 area.
In a follow-up review, we urged readers to enter additional short positions at the then current rate of 11140 with an initial target of 10400 area and a final target of 9500 area, with the stop loss around 11700 area, https://www.econotimes.com/FxWirePro-Call-Review-Add-fresh-short-positions-in-SGX-FTSE-China-A50-index-targeting-9500-1424307
Since the last review, the situation has further worsened,
- The ongoing trade battle between the United States and China has further escalated with the two countries imposing tariffs on $260 billion worth of bilateral goods.
- Signs of fracture in China’s debt market and its economy is more prominent.
- The global stock market has come under extreme stress this month, with U.S. tech benchmark NASDAQ declining more than 5 percent yesterday.
In this review, we would like to add an interim target around 10,000 area. The index is currently trading at 10,820 area, and our call is 1,730 points in the money.
