Today's interesting charts
Eoin Treacy's view Cotton
–
has returned to test the psychological
80¢ area. A sustained move above that level would suggest a return to demand
dominance beyond the short term.
Sugar
– has held a progression
of lower rally highs since the 2011 peak near 35¢ and posted a new closing
low yesterday. A clear upward dynamic will be required to question potential
for additional lower to lateral ranging.
Arabic
Coffee – pushed
back above the 150¢ area to break the three–month progression of lower
rally highs. A sustained move below that level would now be required to question
potential for some additional upside.