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Shanghai Shows a Rebound Coming Soon: Charts

Thursday, 3 Jun 2010 | 1:50 AM ET

The Shanghai Composite, often a leading indicator in global markets' direction, is due for a consolidation, followed by a rebound, Daryl Guppy, CEO of Guppytraders.com, said Thursday. While this takes place, the dollar will face "a sudden correction" in the next two weeks, he added. Guppy also gives his targets for gold, the CAC and the KOSPI.