Shanghai Composite Index ran into resistance at 3200 after its recent breakout. Expect retracement to test the new support level at 3100. Respect would confirm the target of 3400* for the advance.

* Target medium-term: 3100 + ( 3100 – 2800 ) = 3400
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Shanghai Composite Index ran into resistance at 3200 after its recent breakout. Expect retracement to test the new support level at 3100. Respect would confirm the target of 3400* for the advance.

* Target medium-term: 3100 + ( 3100 – 2800 ) = 3400