By Chris Becker
Trading was thin on the ground overnight as Americans headed to their mid-term elections, with Treasury yields lifting slightly – the 2 year looks set to cross 3% soon – while the USD retreated against everything but Yen. European stocks fell back slightly with oil prices falling sharply again, both Brent and WTI contracts off by nearly 3%
Recapping Asia’s session yesterday where the Shanghai Composite was down nearly 1% going into the close, before recovering to finish only 0.2% lower to 2659 points, still maintaining above key support at the 2600 level. The daily chart is starting to show signs of a real bottom here, but price must maintain itself above 2600 here to translate that into a recovery rally:
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