Eoin Treacy's view Peru - The panic following the election of Ollante Humala has dissipated somewhat and the market has bounced over the last two days. Many will be waiting to see how he picks his cabinet and the medium-term uptrend can continue to be given the benefit of the doubt provided Monday's low holds.

Argentina - remains in a five-month downtrend and will need to sustain a move back above the 200-day MA, currently near 3260, to offset potential for a further test of underlying trading.

Brazil - remains within a more than 18-month range but has posted a progression of lower rally highs since November and will need to hold above 70,000 to reassert the medium-term uptrend.

Mexico - has now posted a larger reaction, from a high level and held the move below the 200-day MA. A sustained rally back above 36,250 is required to indicate a return to demand dominance.

Brent Crude Oil - found support above the 200-day MA in May following a swift reversion. While the lower side of the overhead range, near the psychological $120, is a potential area of resistance, a clear downward dynamic would be required to indicate anything other than a temporary pause in this area.