Today interesting charts
Eoin Treacy's view Hang
Seng Index -
today's downward dynamic probably caps
the impressive 10-week uptrend and makes a consolidation of recent gains considerably
more likely. A sustained move below 21,300 would be required to question medium-term
uptrend potential.
Zinc
-
pulls back from the region of the April
and January highs following an impressive advance since June. Today saw the
largest downward dynamic in four months and probably heralds some further consolidation
of recent gains and a possible reversion towards the 200-day MA.
British
Pounds per 1 Euro -
pulled back sharply yesterday to test
the lower side of the previous range. A sustained move above 89p is now required
to question scope for additional consolidation of recent gains.
Bunds
- continues
to extend the decline below the September
lows and an upward dynamic would be required to question scope for a further
test of underlying trading.