Today's interesting charts
Eoin Treacy's view
Today's interesting charts - Check out the commonality
across the food sector using the 'View All Charts' function.
Colombian
Peso -
the US Dollar has become overextended relative to the 200-day MA and found support
today near COP1800, forming an upside key
day reversal. A sustained move below that level would be required to question
scope for some mean reversion.
Gold
- found
support in late July near the 200-day
MA and continues to rally. It has broken the short-term progression of lower
rally highs and a sustained move below $1185 would now be required to question
potential for a further test of overhead trading.
Wheat
-
finds at least short-term support above
the psychological 700¢ level on USDA estimates of smaller global stockpiles.
This week's low would need to be taken out to question scope for some additional
upside.
Sugar
- finds
support in the region of 18¢, which
also marked the March/April highs and would need to hold a close below 17.5¢
to question potential for some additional upside.