Today's interesting charts
Comment of the Day

November 28 2012

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view Malaysia – finds at least short-term support following 18 consecutive days to the downside and a clear downward dynamic would be required to check potential for further unwind of the short-term oversold condition. A sustained move below today's low would be required to question the consistency of the medium-term uptrend.

Swedish Krona – the Dollar posted an upside key reversal yesterday and has held a progression of higher reaction lows since September. A sustained move below SEK6.6 would be required to question potential for additional higher to lateral ranging.

Lumber – rallied by the limit again today and looks more likely than not be able to push through the $340 area and reassert the medium-term uptrend.

Heating Oil – finds support near the lower side of the short-term range and a clear downward dynamic would now be required to question potential for a further bounce.

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