Today's interesting charts
Comment of the Day

April 19 2010

Commentary by Eoin Treacy

Today's interesting charts

Today's interesting charts - Did you know you can create a ratio, spread or overlay from any two instruments in the Chart Library using the Charting tool?

Eoin Treacy's view Nestle - Encounters at least short-term resistance in the region of the historic high near CHF55, but would need to sustain a move below CHF49 to trigger an MDL stop and begin to question the consistency of the medium-term uptrend.

Gold - finds at least short-term support near $1125, checking the pullback, but needs to sustain a move above $1150 to indicate demand has regained the upper hand.

KBW Regional Banks Index - overextended relative to the 200-day moving average but the progression of rising reaction lows remains intact. A sustained move below 52.5 would break that sequence while a sustained move below and 45 would be required to question the consistency of the medium-term advance.

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