Eoin Treacy's view Israel – has been ranging with a mild upward bias, mostly below 1100, since October and pushed above that level again yesterday. A break in the progression of higher reaction lows, which coincides with the 200-day MA near 1000, would be required to question potential for additional upside.

South African Rand per 1 US Dollar – The US Dollar has held a progression of higher reaction lows against the Rand since 2011 and hit a new recovery high today. While somewhat overbought in the very short-term, a sustained move below the 200-day MA, near ZAR9, would be required to begin to question medium-term uptrend consistency.

Mexico – hit a medium-term peak in February and dropped below the 200-day MA three weeks ago. It is currently testing the psychological 40,000 but a break in the four- month progression of lower rally highs and sustained move back above the 200-day MA, near 42,500, will be required to confirm support in this area.

Saudi Arabia – the 7000 area offered resistance on a number of occasions between 2010 and 2011 and the Index is now finding support at that level. A sustained move below it would be required to question potential for additional upside.

Greece – rebounded particularly impressively from the April lows but has become temporarily overextended and potential for a consolidation of recent gains has increased.

Canada – continues to rebound from the 12,000 area and is approaching the upper side of its two-year range near 13,000. A sustained move above that level would reaffirm medium-term demand dominance.

Natural Gas – finds support in the region of the psychological $4 area and a sustained move below $3.90 would be required to question potential for continued higher to lateral ranging.