Today's interesting charts
Comment of the Day

December 29 2010

Commentary by Eoin Treacy

Today's interesting charts

The Chart Library has more than 18,000 instruments, ratios, spreads and yields so you are sure to find what you might be looking for and if not just let us know and we can add it.

Eoin Treacy's view Nasdaq-100 - continues to pause in the region of the 2007 peak and a sustained move below 2100 would be required to question medium-term potential for additional upside.

NYSE Arca Goldbugs Index - has plotted a progression of rising major reaction lows since at least March and a sustained move below 550 would be required to question medium-term upside potential.

Taiwan Bank - broke upwards to new recovery highs last week and improved on that performance today. A sustained move below 900 woud now be required to question medium-term upside potential.

Euro per 1 Swiss Franc - remains in a relatively consistent medium-term uptrend but is becoming increasingly overextended relative to the 200-day MA. However, a clear downward dynamic would be required to check short term momentum beyond a brief pause.

Singapore Dollar per 1 British Pound - testing the 30-year low near SG$2 and while somewhat oversold in the short-term, a sustained move above SG$2.10 would be required to begin to question potential for some additional lower to lateral ranging.

Feeder Cattle - broke out of a seven-year range last week and a sustained move below the 200-day MA, currently near $112, would be required to question medium-term upside potential.

Rubber - hit new 20-year highs in November and continues to improve on that performance. While becoming increasingly overextended relative to the 200-day MA a sustained move below JPY350 would be required to question medium-term upside potential. (Also see Comment of the Day on November 10th).

Sugar - pulled back violently in November but found support in the region of the 200-day MA and has since rallied impressively to post new highs. A clear downward dynamic would now be required to check momentum beyond a brief pause.

Copper - continues to hold above the psychological $4 level and a sustained move below the 200-day MA, currently near $3.60 would be required to question potential for continued upside.

Back to top