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.