Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests the ASX200 will need to do some work to break up through 5400, but the technicals are positive.

Nick Linton-Ffrost of Fifth Wave suggests breaking above 5420 implies a move back to 6000 for the ASX200.

The Chartist reports the technicals are suggesting the sell-off in Telstra may now be petering out.

Michael Gable of Fairmont Equities reports the technicals suggest Commonwealth Bank shares are primed to rally back over $80.

Nick Linton-Ffrost of Fifth Wave suggests trading above 5420 would signal a return to the highs for the ASX200.

Market analysts at FXCM believe US dollar weakness will trigger a break-up in the WTI oil price through the 200-day moving average and higher thereafter.

The Chartist reports that after a long sell-down, Woolworths is technically suggesting the possibility of further upside.

Michael Gable of Fairmont Equities notes small cap iProperty has broken out of the top of its range.

Nick Linton-Ffrost of Fifth Wave suggests buying the dips in the index as the short term trend is up.

The Chartist reports that despite a recent rebound for BHP Billiton, the technicals do not suggest upside confidence.