Daily FNArena News - Technicals

The Chartist reports copper is meeting resistance at its previous low support level but a break-out would be very bullish for the metal.

Michael Gable of Fairmont Equities suggests Telstra is close to completing its retracement.

Nick Linton-Ffrost of Fifth Wave suggests a break below 5900 for the ASX200 implies further downside.

The Chartist notes Commonwealth Bank has been pulling back from its highs but downside is epxetced to be limited.

Market analysts at FXCM suggest that were WTI crude to break US$54/bbl, it would represent an important behaviour change.

Michael Gable of Fairmont Equities notes the technicals have turned neagtive for Suncorp Group.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 could look at 6200 before a pullback.

The Chartist reports the charts suggest an ongoing tale of woe for iron ore prices, and hence iron ore producers.

Michael Gable of Fairmont Equities reports the signals suggest a pullback for Coca-Cola Amatil following its price recovery.

Michael Gable of Fairmont Equities suggests failure at 6000 implies a pullback ahead for the ASX200, providing a buying opportunity.