Today's interesting charts
Comment of the Day

January 07 2010

Commentary by Eoin Treacy

Today's interesting charts

The Chart Library contains a large number of ratios and spreads which might be of interest to subscribers.

Eoin Treacy's view JP Morgan Asian Dollar Index - breaking upwards from the three-month range to reassert the medium-term uptrend. A sustained move below 111 would now be required to question potential for additional higher to lateral ranging.

Coal - breaks upwards from the yearlong base and a downward dynamic would be required to hinder scope for additional upside.

Market Vectors Coal ETF - continues to trend consistently higher and a break of the progression of higher reaction lows would be needed to question potential for further upside.

Canada - breaks upwards from the four-month range to reaffirm the medium-term uptrend. While the Index is now testing the psychological 12,000 level, a downward dynamic would be required for this to offer anything other than temporary resistance.

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