Interesting charts April 28th 2014
Comment of the Day

April 28 2014

Commentary by Eoin Treacy

Interesting charts April 28th 2014

Eoin Treacy's view

Australia’s S&P/ASX 200 – breaking out to new five-year highs and a sustained move below the 200-day MA would be required to question medium-term scope for continued upside. 

Feeder Cattle – continues to extend the medium-term uptrend and while becoming increasingly overextended relative to the 200-day MA, a clear downward dynamic would be required to check momentum. 

Copper – posts a failed downside break by rallying back above $3 and a sustained move below that level would be required to question current scope for a retest of the upper side of the almost yearlong range. 

FTSE 250 Mid-caps – returns to test the region of the 200-day MA and will need to hold above the 15,500 area if the medium-term uptrend is to continue to be given the benefit of the doubt. 

 

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