Today's interesting charts
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.