Today's interesting charts
Comment of the Day

June 04 2013

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view Singapore Financial Index – finds at least short-term support in the region of the 200-day MA and posts an upside key day reversal. A clear downward dynamic would be required to question potential for a further unwinding of the short-term oversold condition.

S&P/ASX Financials Index – testing the region of the March and April lows near 5350 but a clear upward dynamic will be required to confirm a return of demand in this area.

Among the Autonomies - Colgate Palmolive, Eli Lilly, Pfizer & Nestle have all pulled back to the region of their respective 200-day MAs where they appear to be finding support. Sustained moves below their respective trend means would be required to question the consistency of their medium-term uptrends.

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