Objective Analysis of Business Update 14/10, page-190

As I said yesterday it was consolidating with a potential move higher for its last hurrah.

Getting very close to my short entry point now

Correction - industrial production fell 1.1%

China data released today shows GDP fell 9.8% (forecast -12.0%, previous +1.5%) in the first quarter of 2020. The annual rate of growth fell to -6.8% (f/c -6.0%, prev +6.0%)

Industrial production in March rose 1.1% year on year (f/c -6.2%, December +7.0%)

Retail sales in March fell 15.8% year on year (f/c -6.2%, December + 8.0%)

The data provides more hard evidence of the damaging impact of containment measures on economies.