Interesting charts September 8th 2015
Comment of the Day

September 08 2015

Commentary by Eoin Treacy

Interesting charts September 8th 2015

Eoin Treacy's view

Copper rallied today to break an almost four-month progression of lower rally highs to confirm at least near-term support in the region of 220¢. A sustained move below that level would be required to question potential for a reversionary rally.

Nasdaq-100 is testing the region of the 200-day MA following the rebound from the August 24th rout. It will need to sustain a move above 4400 to confirm a return to demand dominance and the most likely scenario is for some additional support building.

London Cocoa found support in the region of the trend mean from late August and continues to rebound. A sustained move below the psychological £2000 would be required to question medium-term scope for additional upside.  

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