Today's interesting charts
David Fuller's view Palladium
(PL1) - remains the lead precious metal for the
bull cycle since October 2008.
Although it could not maintain the new recovery highs seen earlier this month,
palladium has rebounded to test
them once again. A close beneath $440 is currently required to signal more than
brief resistance in this region and to further question the overall upward trend.
Copper (HG1) - ranged in
a consolidation beneath the psychological 350¢ level before surging
to a new closing high today for the uptrend which commenced in January 2009.
A close beneath 330¢ would now be required to offset current scope for
a further test of prior resistance
and instead, to reaffirm prior resistance in this region.
Crude
oil (CL1) - strengthened today within a narrow
range near the upper side of a trading
band dating back to October 2009. A close beneath $78 is required to offset
higher scope and instead, reaffirm stronger resistance near these highs.
China
Shanghai A-Shares (Shashr) - followed Friday's small upside key reversal
with a surge above the early-March
high today. A close beneath the last little reaction low near 3156 is now required
to question current scope for a further test or overhead
resistance.