Market analysts at FXCM believe gold’s behaviour might signal a change in direction, but first technical resistance is looming.
The Chartist is bullish Wesfarmers although a little patience may be required.
Michael Gable of Fairmont Equities suggests Australian banks should shortly see some renewed buying.
Nick Linton-Ffrost of Fifth Wave notes the tehnicals suggest a move back to 5000 for the ASX200.
The Chartist suggests that while a contrarian buy call could be made, the sellers still hold sway in iron ore and thus Fortescue Metals.
Michael Gable of Fairmont Equities suggests JB Hi-Fi has the potential to continue its recovey rally.
Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in BHP Billiton
The Chartist suggests crude oil may shape up to offer a buying opportunity, but not just yet.
Michael Gable of Fairmont Equities suggests the sudden fall in the ASX200 means reassessment, but further weakness would provide opportunity in the upside trend.
Nick Linton-Ffrost of Fifth Wave suggests the ASX200 to move towards 5000 over the next 3-4 weeks.