Eoin Treacy's view
Today's interesting charts - concerns centred on commodity price inflation are beginning to affect Asian indices while Eurozone debt problems continue to pressure that region's banks.

Euro Stoxx Banks Index - testing the June and December lows and clear upward dynamic would be required to check scope for some additional downside.

Germany - encounters at least short-term resistance in the region of 7000, but would need to sustain a move below 6500 to question medium-term upside potential.

Indonesia - this market was an early upside leader and has been consolidating for nearly four months. Today's downward dynamic has sped up the rate at which the Index is reverting towards the trend mean, represented by the 200-day MA. The medium-term upside can continue to be given the benefit of the doubt provided support is found above or in the region of the MA which is currently near 3250.

India - continues to pullback, having retested the 2008 peak late last year. A sustained move below 18,000 would be required to question the consistency of the medium-term uptrend.

Korea - somewhat overextended relative to the 200-day MA as it tests the pre-crisis peak below 2100. Some consolidation of recent powerful gains is becoming increasingly likely but a sustained move below 1850 would be required to question medium-term upside potential.

Thailand - pulls back to test the lower side of the two-month range and a clear upward dynamic would now be required to question scope for a deeper reaction towards the 200-day MA currently near 900..

Lumber - encounters at least near-term supply in the region of the April peak near $340. A clear upward dynamic would now be required to check scope for some additional downside.