| 
May 02, 2023A quick look at today: HANG SENG INDEX drifts up 0.2% to close at 19,934 today.
The iShares U.S. Treasury Bond ETF has gone up 1% to trade at $23.42, thereby indicating that government bond yields were downbeat across the yield curve.
Hang Seng's lower Bollinger Band® is at 19,500, indicating that the market is oversold and fertile for new buyers.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts HANG SENG INDEX to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the HANG SENG INDEX is expected to pick up significant bullish sentiment in the coming days.
Meanwhile, CAC lost 1.45% today and closed at 7,491.5. FTSE is down to 7,773, losing 97.57 points, after ending the previous session around 7,870.57. Dow Jones decreases 1.08% today and closed at 34,052.
The index has been trending positively for about a month. Over the past 3 months, HANG SENG INDEX has retreated 12.32% from a noteworthy peak of 22,700.
