Further losses likely for China

Oversold indicators have signaled a short-term correction for the Shanghai Composite Index but sentiment remains very bearish, says Michael Macdonald at consultancy XATS.

Target support stands at 2730, a 76.4% retracement of the 2014-15 rally, but any short-term rally will meet resistance at 3191.88 and 3537.36. See http://xatsuk.weebly.com/

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