Today's interesting charts
Comment of the Day

October 21 2010

Commentary by Eoin Treacy

Today's interesting charts

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Eoin Treacy's view Silver - continues to retreat from the high near $25 and a sustained move above that level will be required to reassert the medium-term uptrend.

Germany - the strength of the Euro does not yet seem to have had an effect on Germany's surfeit of exporters as it extends the breakout from a six-month range. A sustained move below the 200-day MA would be required to question medium-term upside potential.

Brazilian Real per 1 US Dollar - the Dollar found at least near-term support in the region of BRL1.65 last week and a sustained move below that level would be required to question scope for some further retracement of recent Dollar weakness.

Robusta Coffee - breaks upwards to new recovery highs and a sustained move below the 200-day MA would be required to question medium-term upside potential.

Bunds - testing the September low and a sustained move above 132.5 would be required to question scope for a further test of underlying trading.

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