Today's interesting charts
Comment of the Day

March 06 2012

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view FTSE-100 – continues to pull back from the psychological 6000 level, unwinding the short-term overbought condition in the process. It will need to find support in the region of 5400 if the six-month progression of higher reaction lows and medium-term bullish outlook is to be sustained.

Brent Crude Oil – continues to at least pause in the region of $120. A sustained move above $125 will be required to reassert the short-term uptrend and offset potential for a further test of underlying trading.

US Dollar per 1 Euro – encountered resistance last week in the region of $1.35 and the declining 200-day MA. The yearlong progression of lower rally highs remains in place and a clear upward dynamic would be required to check current scope for additional downside.

US 10yr Treasuries – has held a mild upward bias from the October low and a sustained move below 130 would be required to question scope for continued higher to lateral ranging.

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