By Chris Becker
Another mixed night on overseas markets as a combo of disappointing US economic data prints, a meandering Trump interview and solid tech earnings. Energy prices came down again on the backdrop of possible higher gas taxes in the US while the USD was little changed against the majors as gold slipped again.
Yesterday in China, the Shanghai Composite had another scratch session, closing up a couple points to 3152, still respecting the next level of crucial support at 3100. The sharp retracement back down to previous support at 3100 has bounced off that level quickly, possibly on intervention. I’m watching the high moving average closely for signs of a proper rebound:
