Daily FNArena News - Technicals

Market analysts at FXCM suggest West Texas crude futures are oversold and the technicals suggest the potential of a bounce-back from US$72/bbl.

Michael Gable of Fairmont Equities suggests the selling in Santos has run its course.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in beaten-down Woolworths.

The Chartist reports the US broad stock market index is showing overbought signals but that the underlying trend remains bullish.

Michael Gable of Fairmont Equities suggests Westpac weakness ex-dividend should play out further within a longer term bullish trend.

Nick Linton-Ffrost of Fifth Wave suggests the rebound rally for the ASX200 has now completed.

Market analysts at FXCM sugget the Aussie dollar is trading close to resistance, suggesting traders wait until it breaks either way.

The Chartist suggests West Texas crude needs to hold support to establish a bounce-back, otherwise downside is severe.

Michael Gable of Fairmont Equities suggests that after its strong rebound from the October low, the ASX200 should now ease back.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in BHP Billiton.