Eoin Treacy's view Brent Crude Oil – extends the break above the psychological $115 area and a clear downward dynamic, held for more than a day or two, would be required to check potential for some additional upside.

NYSE Arca Gold Bugs Index – continues to hold the rebound from the lower side of its 15-month range. A sustained move below 500 would be required to check current scope for continued higher to lateral ranging.

Copper – In common with a number of stock markets, copper has held a progression of higher reaction lows since October and rallied impressively from late December to push back above the 200-day MA. While somewhat overbought in the very short-term a sustained move below $7500 would be required to question medium-term scope for an additional test of overhead trading.

Topix Banks Index – continues to extend the move above the 200-day MA and the upside can continue to be given the benefit of the doubt provided it holds above the 105 area on the next pullback.