Today's interesting charts
Comment of the Day

May 12 2011

Commentary by Eoin Treacy

Today's interesting charts

Use the "View All Charts" function to tile 7 charts one above another.

Eoin Treacy's view FTSE-100 - has been ranging mostly below 6000 since December and will need to sustain a move above that level to indicate a return to medium-term demand dominance.

Russia - has broken the almost yearlong progression of higher reaction lows, suggesting that a peak of medium-term significance has been reached and a reversion towards the 200-day MA is well underway. A sustained move below 1650 would be required to question the broad consistency of the recovery to date.

India - continues to encounter resistance in the region of 6000 and will need to hold above 5000 if the medium-term upside is to continue to be given the benefit of the doubt.

Shanghai B-Shares - pulled back violently three weeks ago but has found support in the region of 200-day MA and would need to sustain a move below 275 to question the broad consistency of the medium-term uptrend.

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