Daily FNArena News - Technicals

Michael Gable of Fairmont Equities believes BHP may now come under some pressure but thus sees a buying opportunity emerging at the lower level.

This week ATW’s Jerry Simmons suggests selling gold on any rallies as bearish technical potential continues.

The Chartist reports the technicals are starting to indicate potential upside for BHP, and now might be a time to take a look.

Michael Gable of Fairmont Equities suggests high beta stock Macquaurie Group is set for a technical break-up.

The Chartist suggests the Shanghai stock index has put a bottom in place that is unlikely to be revisited.

The TechWiz discusses the US stock index futures, and Sydney buses.

Michael Gable of Fairmont Equities suggests if markets favour, Woolworths should be looking at retesting its highs.

If WTI crude breaks up through US$115 the next stop is US$140, the Techwizard suggests.

Michael Gable of Fairmont Equities suggests the Australian market is looking good at present but is threatening another pullback to below 5000.

This week ATW’s Jerry Simmons examines US ten-year and thirty year bonds and suggests both charts are confirming bear markets.