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.