Shanghai Composite Index : Another test of 2800, possibly 2760.

The Shanghai Composite Index (SSEC) closed at 2862 on Wednesday and looks as if it should bounce to 2886 or so Thursday. However, like most Asian markets, if the Libyan issue escalates overnight along with the price of crude, then we fear the SSEC will instead come back to 2800-2810 at best, and possibly 2760 or so once again if oil cruises past 100 ( For NMYEX front month)

 

 

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