Today's interesting charts
Comment of the Day

November 08 2012

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view Asia Dollar Index – continues to pause below 118 which represents the upper side of the more than yearlong range. A sustained move above that level would be required to reaffirm medium-term demand dominance.

S&P500 Banks Index – continues to extend the pullback from the September high and has closed the overextension relative to the 200-day MA. However, a sustained move above 160 will be required to confirm support in the region of the upper side of the underlying base near 150.

Ireland – posted a downside key day reversal yesterday and followed through today signalling a peak of at least short-term significance and suggesting mean reversion is underway. A sustained move below 3200 would be required to question medium-term scope for continued higher to lateral ranging.

White Sugar – posted an upside key reversal three days ago but failed to follow through and extended the decline today. A more potent upward dynamic will now be required to check momentum.


The Chart Seminar - Our final venue for The Chart Seminar in 2012 will be in London in less than three weeks and I am greatly looking forward to meeting the delegates which, as of posting, come from 7 different counties. It will be held on November 22nd & 23rd at the Radisson Edwardian Hampshire on Leicester Square.

The full rate is £950 + VAT. (Please note US and Australian delegates, as non EU residents are not liable for VAT). Paid-up Fullermoney subscribers are offered a discounted rate of £850. Anyone booking more than one place can also avail of the £850 rate for the second and subsequent delegates.


Please note - David is away today.

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