By Chris Becker
The trading week has started with two big moves, as Pound Sterling cratered on PM May’s comments on Brexit, and oil dropped 4% on news US output is likely to overshadow the long awaited OPEC production cuts. Stocks on both sides of the Atlantic slipped as Treasuries rallied.
Yesterday the Shanghai Composite finished up 0.5%, building on its long swing from solid support at the 3100 point area, at 3171 points. A higher daily high here coupled with positive momentum is a signal to go long as offshore Yuan keeps crashing:
