By Chris Becker
The ongoing collapse in commodity prices, alongside a weakening China, Japan and Europe as the US dollar regains ascendancy has translated into further falls in stock markets last week. European bonds were bought heavily on Friday as gold continued to fall against all currencies.
Recapping the session in Asia on Friday, where the Shanghai Composite slipped more than 1% but still above the 4000 point resistance level at 4070 points. The weekly chart shows that while momentum remains positive, price is hovering – teetering – at 4000 points, the mid point in the re-inflation of the bubble. Support at 3500 points remains key here:
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