David Fuller's view China's SHCOMP has bounced from the 2800 region once again and a close beneath this level would be required to delay current scope for sideways to higher ranging within what looks like a lengthy base formation extension, probably in its latter stages.

Vietnam's VNINDEX has extended its recovery into the fourth week and here also the overall pattern looks like a lengthy base formation extension, probably in its latter stages.

Germany's DAX is somewhat overextended relative to its rising MA and has reached the psychological 7000 level where some consolidation may be seen. However it would need to close beneath 6600 to check current momentum beyond a brief pause.

The US Dollar Index remains range bound overall. However today's downward dynamic suggests that November's recent high is unlikely to be challenged in the near term and that some additional retracement of last month's gains is likely.

Gold remains within its secular uptrend. However it is somewhat overextended relative to its medium-term trend mean represented by the rising 200-day moving average. Nevertheless, with the reaction lows still rising on this daily chart, a close beneath $1370 is required to suggest sideways to a little lower ranging before new highs are seen.

Copper has rallied sharply in the last three weeks to challenge its all-time highs. While it is slightly overextended in the near term, a downward dynamic similar to that seen on 12th November and/or a close beneath $3.95 would be required to suggest more than a brief pause before current momentum carries the price above its prior resistance since 2006.