Daily FNArena News - Technicals

This week ATW’s Jerry Simmons notes the US dollar is in bearish mode but could reverse. Gold is nearing resistance.

The Chartist reports a bullish trend is emerging for BHP, but a retracement may yet transpire providing an attractive buying opportunity.

The TechWizard suggests 1740 on the upside and 1700 on the downside will spark strong moves up or down respectively for the S&P 500 futures.

Michael Gable of Novus Capital suggests a stagnant Australian market is threatening a 5% pullback, but the timing is unclear.

This week ATW’s Jerry Simmons suggests the S&P 500 remains in bullish mode above 1550 while the US dollar is looking weak.

Michael Gable of Novus Capital suggests work at 5000 may give way to a pullback for the ASX 200, with the Dow Jones also looking toppy.

This week ATW’s Jerry Simmons examines gold and suggests a break of 1310 could suggest a low is in place. The Aussie is also looking vulnerable against the yen.

The Chartist sees bullish signs in QBE’s technicals but suggests waiting for a more attractive entry point.

Michael Gable of Novus Capital suggests that having tested resistance at 5000, the ASX 200 should now see some consolidation before its next move.

This week ATW’s Jerry Simmons notes the US S&P 500 market has not technically broken out to the upside suggesting potential failure.