By Chris Becker
A flat night on Wall Street as Treasuries lost ground but the USD was pushed around by external macro pressures as traders await the first real press conference from the President Elect. Commodities were the big movers, with iron ore going nuts, gold up to a six week high, copper moving faster on the LME although oil continues to slide on Libyan production increases.
Yesterday the Shanghai Composite slid around 0.3% after moving higher recently on its long swing from solid support at the 3100 point area, finishing at 3161 points. My target for this move once momentum becomes positive is the former high at 3300 points:
