Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests Rio Tinto will look to $62 before finding strong support.

Nick Linton-Ffrost of Fifth Wave notes the tehcnicals suggest an emerging Buy on Westpac.

The Chartist reports Telstra’s result-driven rally suggest further upside, but probably not before closing the gap on the chart.

Michael Gable of Fairmont Equities suggest Santos is preparing to break higher.

Nick Linton-Ffrost of Fifth Wave suggests the bias for the ASX200 remains to the downside this week.

Michael Gable of Fairmont Equities suggests the Dow Jones Industrial Average should gravitate back towards 17,000 in coming weeks.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 can consolidate and recover 5500 but that technically another leg down is likely.

The Chartist suggests an opportunity lies in Suncorp as it retaces towards its support level, global factors notwithstanding.

Michael Gable of Fairmont Equities reports the technicals are looking better for beaten-down Atlas Iron.

Nick Linton-Ffrost of Fifth Wave suggests Friday’s sell-off opens up the likelihood of further net selling for the ASX200.