Today's interesting charts
Eoin Treacy's view Germany
-
continues to encounter resistance
in the region of the upper side of the 6-month consolidation. An upward dynamic
would be required to question scope for some lower to lateral ranging.
Thailand
- clear
downside key
day reversal caps the advance in at least the short term. Additional follow
through tomorrow would increase the potential that a mean reversion correction
is beginning.
British
Pounds per 1 Euro - the
Euro
is overbought against the Pound following an impressive rally over the last
month. Today's key day reversal probably caps the advance in the short-term
and additional follow through tomorrow would confirm resistance in the region
of the 87.375p
Corn
- rallies
from the intraday
low above 450¢ which had been a previous area of psychological resistance.
A countermanding downward dynamic would be required to question scope for some
additional firming
Cocoa
- encounters
resistance
in the region of the 200-day MA and the lower side of the overhead range. A
sustained move above $3000 would be required to question scope for further downside.