Today's interesting charts
Comment of the Day

June 03 2010

Commentary by Eoin Treacy

Today's interesting charts

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Eoin Treacy's view South African Rand per 1 US Dollar - despite some considerable volatility, the US Dollar continues to sustain a two-month progression of higher reaction lows which would need to be taken out, with a sustained move below ZAR7.5 to question scope for some further higher to lateral ranging.

Natural gas - breaks emphatically out of the two-month range and a downward dynamic would be required to check momentum beyond a brief pause.

HSBC - found at least short-term support least week but needs to sustain a move back above 715p to break the six-month progression of lower rally highs and offset scope for further downside.

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