Tuesday, October 20, 2009

Shanghai Composite at a critical juncture - 3060/80 level

Shanghai Composite is roaring ahead fueling global demand for commodities and acting as guidance for the 'Decoupling theory' adepts.

The critical Resistance marked by the August Gap and September High is located around the 3060-80 area. RSI is supporting the slow grind and Wilder's DMI (typical trend-follower tool) is close to give a buy signal.

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