China - Shanghai Composite Index exceeded target

The Shanghai Composite Index has had a fantastic run since I identified a buy signal in July, and it has reached and exceeded my target 2900, which now acts as support.

Copper run

Copper has had a fantastic run since I identified the breakout in July. As it reached my target in August, the price consolidated and then continued higher as I expected. Now it gets a bit trickier, but the uptrend is intact as long as the support area 350-360 holds.

Copper reaching target

Copper has reached my target of 340. I now expect some consolidation at current levels. Passing 340 will generate a new buy signal, while dropping below 320 will generate a sell signal. I'm bullish.

Copper breaking up

Copper is breaking up through resistance, formed by the down trendline since April, signalling a reversal to the upside. My target for this move is 340. This is also another good sign for the stock markets.

China - Shanghai Composite Index

The Shanghai Composite Index today gave a buy signal as it broke above the down trend channel, with MACD positive divergence, as seen in the chart below. This is good news for the global stock markets. My initial target is 2 900, (a 15 % gain).