By Chris Becker
A small uptick in overnight stock markets basically on exhaustion trying to follow the vagaries of the widening trade war. The USD reasserted itself against the majors, pulling back the relatively small relief rallies in Euro and Aussie dollar particularly, but it didn’t affect oil which made a new post-OPEC meeting high.
Recapping stocks in Asia yesterday first where the Shanghai Composite continues its sell off, gapping down nearly 1% at the open and keeping their to close at 2834 points. This is not looking good as this bear market grips Chinese stocks, with support at 3000 points now firm resistance with my target below at 2300:
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