By Chris Becker
Torrential trouble in Texas, worry over North Korea and ongoing concerns about the Trump administrations efficacy kept markets well subdued overnight. European shares (sans the FTSE where the UK had a long weekend) started the week poorly after what looked like a good start in Asia yesterday, with US stocks putting in scratch sessions. The USD remains under enormous pressure against all the majors as crude oil prices dropped.
Yesterday the Shanghai Composite moved higher after its definitive breakout on Friday, closely nearly 1% to be at 3362 points. The daily chart shows a significant breakout here and a swift ride up to the next resistance level at 3400 points since previous resistance at 3300 was cleared. This could accelerate out of control if breached too quickly as Banana Man steps in:
