Daily FNArena News - Technicals

The Chartist suggest Woodside may first drift lower but the technicals favour an upside break thereafter.

Michael Gable of Fairmont Equities notes that after drifting off from post-IPO highs, Veda Group is showing signs of a technical recovery.

Nick Linton-Ffrost of Fifth Wave suggests weaker trading this week for the ASX200 would increase the odds of a greater pullback.

The Chartist reports a break-out on the chart for Telstra which may need confirmation, but may not be worth missing.

Michael Gable of Fairmont Equities believes Seek may be setting for a strong break to the upside.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in BHP Billiton.

The Chartist reports the technicals on the spot iron ore price are beginning to suggest a break-up although more work may yet need to be done.

Michael Gable of Fairmont Equities notes G8 Education appears to be stalling after its solid run, suggesting a more attractive entry price may soon be available.

Nick Linton-Ffrost of Fifth Wave suggests Woolworths is coming under technical pressure, suggesting an Emerging Sell.

The Chartist reports the technicals for copper show likely further upside to the recent rally.