Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave looks at the upside and downside triggers for the ASX 200.

The Chartist suggests the Aussie will likley fall toward 85 before buyers are encouraged to return.

Michael Gable of Fairmont Equities suggests current market weakness may allow Oil Search a needed correction to an attractive entry point.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea on the short side in Newcrest.

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.