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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Monday, December 10, 2012

A Lump of Coal for Christmas?

It looks like Santa may be stocking up on coal for Christmas this year.

Fire up those factories, China! We'll see if the Shanghai Index can stabilize and hold above a short-term support level of 2000, as it looks like the timing of the dip-buying (beginning from the August lows) on coal also coincided with the dip-buying on the index below.

Who's been naughty?