Today's interesting charts
Eoin Treacy's view Feeder Cattle – has held a progression of higher major reaction lows since 2009 and while it is becoming increasingly overbought in the short-term a sustained move below $145 would be required to begin to question the consistency of the medium-term uptrend.
Saudi Arabia – pushed back above 7000 for the first time since October 2008 this week. A clear downward dynamic, held for more than a week or two, would now be required to question upward momentum.
Colombia – broke the 14-month progression of lower rally highs in January and completed its ninth consecutive week to the upside today. While overbought in the short-term a sustained move below the 200-day MA, currently near 13,600, would be required to question medium-term recovery potential.
EuroBunds – testing the highs near 140 and a sustained move below 139 would be required to check potential for a successful upward break.