Interesting charts August 18th 2014
India Nifty 50 – moved to another new high amid renewed strength in the Rupee. The ranging consolidation evident since early June has allowed a partial reversion towards the mean and a sustained move below 7000 would be required to question medium-term upside potential.
Nasdaq-100 – experienced one of the shallower reactions in July and has since rallied to hit a new high. A clear downward dynamic will be required to check momentum beyond a brief pause.
Continuous Commodity Index - approaching the psychological 500 level which has offered support on a number of occasions since 2012. However a clear upward dynamic will be required to confirm a return to demand dominance in this area.
