By Chris Becker
Volatility has all but disappeared in risk markets since the NFP/French election over the weekend with stocks unmoved overnight on both sides of the Atlantic while currency markets played out a revert to mean trade due to the ineffiecent weekend closing. Commodities remain poised to breakdown again though as oil wobbled, copper slumped as silver presaged further falls for ogld.
Yesterday in China the Shanghai Composite continued its selloff, closing down 0.7% percent to 3078, taking it below crucial support at 3100. With this bear market rally all but wiped out the next level is 3000:
