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By Chris Becker
US stocks almost reached their previous high overnight, with European stocks breaking out on speculation of an easier bent by the ECB tomorrow night. The USD firmed, particularly against Pound Sterling which fell sharply as deliberations began on the future legality of Brexit. Oil fell slightly as OPEC production in November was higher than expected.
Looking at Asian stocks first, where the Shanghai Composite dropped below 3200 points yesterday after falling earlier in the week, now below the bottom of its trend channel. This exit signal will be confirmed if support at 3140 points breaks:
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