Today's interesting charts
Comment of the Day

October 04 2010

Commentary by Eoin Treacy

Today's interesting charts

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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.

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