China Still Vulnerable?

07/30/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

The FXI is down 34% from its 2007 highs and even though the weekly momentum has turned up the key support in the $40-42 area must hold. XCI closed near the lows last week which is a concern. A close above $52 is needed to improve the technical outlook.

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