Daily FNArena News - Technicals

Weakness in the copper price is likely to continue in the short-term, the technical analyst at Barclays Capital noting recent support has now turned to resistance.

While the gold price slid last night and further volatility is likely short-term, technical chartists at Barclays Capital suggest the longer-term uptrend remains intact.

Copper weakened overnight and Barclays Capital chartists are cautious of a short-term top given the metal is approaching significant technical resistance.

The run in copper prices has not finished according to Barclays Capital as while resistance levels are approaching the group expects further gains.

Private hedge fund trader John Bedson weighs into the equities are getting expensive debate. It is his view that the good times are still ahead of us.

Technical analysis suggests the short term spot price outlook for gold’s little brother is down.