Today's interesting charts
Eoin Treacy's view Gold - remains
in a tight range in the region of $1600. While slightly overextended relative
to the 200-day MA, a sustained move below $1500 would be required to begin to
question medium-term uptrend consistency.
US Dollars per 1 Australian Dollar - found support
in the region of the 200-day MA four weeks ago and performed well this week.
A sustained move below $1.05 would be needed to check potential for additional
upside.
Nasdaq-100 - hit a new
high recovery high today following a strong performance this week. While
some consolidation is possible in this area, a sustained move below 2300 would
be needed to check scope for some further upside.
Rough
Rice - broke out of a two-year
base last week and held the majority of the move this week. Prices have been
quite volatile over the last few years, but a sustained move below $15 would
be required to check medium-term upside potential.