Interesting charts December 31st 2015
Comment of the Day

December 31 2015

Commentary by Eoin Treacy

Interesting charts December 31st 2015

Eoin Treacy's view

German 10-year (Bund) yields – posted a large upward dynamic to break the medium-term downtrend in April and have been ranging above 0.50% since. The chart has Type-1 bottom characteristics with right hand extension.

iShares MSCI Brazil ETF testing its lows near $20 and a clear upward dynamic will be required to signal more than short-term support in this area. This remains a market where political change has the capacity to represent a major catalyst for change. 

S&P/ASX Financials Index pushed back above the 200-day MA in the last couple of days and will need to hold the move if recovery potential is to be given the benefit of the doubt. 

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