Interesting charts September 24th 2015
Comment of the Day

September 24 2015

Commentary by Eoin Treacy

Interesting charts September 24th 2015

Eoin Treacy's view

Gold has held a short-term progression of higher reaction lows since its July low and is now closing in on the region of the 200-day MA as some safe haven buying lifts prices. A sustained move above 1175 will be required to break the medium-term progression of lower rally highs and signal a return to demand dominance beyond some steadying. 

NYSE Arca Gold BUGS Index continues to range above the psychological 100 level and a sustained move below it would be required to question current scope for at least a reversionary rally.  

White Sugar has held a progression of lower rally highs since 2011 and is now rallying once more to test the region of the trend mean. A sustained move above it would signal a return to medium-term demand dominance. 

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