Today's interesting charts
Comment of the Day

February 22 2011

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view US Treasuries - short covering rally is underway and has pushed prices back up into the overhead range. The unwinding of speculative positions in so called "risk assets" may stimulate some additional demand for Treasuries and help unwind the oversold condition relative to the 200-day MA. However, the first clear downward dynamic will likely signal the reassertion of medium-term supply dominance.

Palladium - largest downward dynamic in a number of months forms a large key day reversal and marks a high of at least near-term significance. A clear upward dynamic would now be required to check potential for a reversion towards the 200-day MA.

Asia Dollar Index - continues to pause in the region of the 2008 peak and needs to sustain a move to news to check scope for some additional consolidation above 114.

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