asiachart.com                                                          .
Big test for NYSE Composite could give insight into global trend
- oil, gold and commodities still solid


14th March: Big test with the New York Stock Exchange. A breakout from current resistance would amount to a leading indicator for the US markets and give cause to hope that the S&P500 will at least retest its recent high of around 2,140.
Oil, gold, Australian dollar all look as though they have reversed, adding more fuel to the claim that the global trend has reversed.
EFA has a strong resistance to overcome. But EEM (emerging markets) has already overcome a similar hurdle.
Indonesia and Taiwan are looking bullish.
Thailand has rallied on good volume. But strong resistances approaching for many sectors. Baht has broken a good bottom.
  

Charts current to 11th March.



Visit my Facebook page for more charts and discussion