China 50 Poised for Daily & Weekly Close Above Major ResistanceChina A50 CFDFOREXCOM:CHINA50tweshathembaChina 50 is on track to secure both a daily and weekly close above a major resistance level, marking a potentially significant bullish development. Price is currently pushing above the 2015 high at 14981, a level that has historically acted as a strong barrier. This move comes after a decisive bounce earlier in the week from the 2015 weekly close at 14478 — a zone that has recently functioned as a reliable pivot in price action. The strength of this reaction suggests that 14981 is now firmly established as support. If this level continues to hold into the coming week, it could provide a solid foundation for further upside continuation. With bullish momentum building, the next key level to watch on the upside is the yearly open at 15336, which stands as the immediate target. A sustained move toward this level would further confirm the strength of the current breakout. Key Levels: Support: 14478 Resistance (Break Level): 14981 Upside Target: 15336 All eyes should remain on how price behaves around these levels, particularly the ability to hold above newly established support. Have a great weekend.