Daily FNArena News - Technicals

The Chartist reports a bullish pattern has been building for copper over three years, but a substantial rally requires confirmation sooner rather than later.

Michael Gable of Fairmont Equities suggests strong support at lower levels for Rio Tinto, providing for attractive entry ahead of a push to new highs.

The Chartist suggests it is probably better to stand aside and let price action unfold before a likely bullish pattern will emerge for Brambles shares.

Michael Gable of Fairmont Equities believes the long awaited market rally may well have started today, finally.

The Chartist reports the Aussie is technically weak and set to trade towards 85.30 assuming 97.50 is not breached.

Michael Gable of Fairmont Equities suggests that despite a 22% fall yesterday, there is no technical evidence to support an oversold bounce in QBE.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in Macquarie Group.

Michael Gable of Fairmont Equities is not concerned over recent weakness in the ASX 200 and specifically sees upside potential for Amcor.

The Chartist reports the technical signs suggest the Aussie dollar will again breach US90c and head back to previous lows.

Michael Gable of Fairmont Equities evaluates the technicals for WorleyParsons following the company’s shock profit warning and subsequent share price plunge.