Interesting Charts for today
Canada – hits a new-all time high in local currency terms and breaks out to new three-year highs in US Dollar terms. While some consolidation in this region is possible a sustained move below the 200-day MA would be required to question medium-term scope for additional upside.
Singapore Financials – rallies this week to break a yearlong progression of lower rally highs and is being led higher by UOB which is hitting new all-time highs. A sustained move back below 780 would be required to question current scope for additional upside.
Italy – continues to hold a progression of higher reaction lows as it continues to rally back towards the upper side of the five-year base.
Natural Gas – continues to firm from above $4 area and a clear downward dynamic would be required to question potential for additional higher to upside.
