By Chris Becker
US stocks advanced, but European bourses were subdued as German industrial production for June printed unexpectedly lower. Oil traders are awaiting the outcome of the OPEC meeting while other commodities rallied to start the week strongly.
Yesterday in mainland China the Shanghai Composite closed up nearly 0.5% higher to 3277 points as it tries again to get up to and breach the next obvious resistance at the 3300 point level. While the uptrend remains intact it may not have the momentum here to finally push through, setting up for a very interesting retracement:
