Daily FNArena News - Technicals

The Chartist is longer term bullish oil, but decribes the current chart as a downward freight train not to be messed with.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading sell on BHP Billiton.

Michael Gable of Fairmont Equities notes a technical break-out for Atlas Iron which should suggest further upside.

The Chartist reports Fortescue Metals’ chart is suggesting a sustainable up-trend that hasn’t been seen in years.

Michael Gable of Fairmont Equities notes heavy volume on Carsales weakness suggests lower prices and a more attractive entry point.

The Chartist is looking to go long the US S&P 500 on any pullack, but will be ready to chase on a break-out.

Michael Gable of Fairmont Equities suggests the post-result honeymoon for Qantas is over and a move to retest the lows is on the cards.

The Chartist reports a key reversal for ANZ at all-time highs which could suggest a pullback is on the cards, although clarification is needed.

Michael Gable of Fairmont Equities suggests any further pullback in Macquarie Group will present a buying opportunity ahead of another rally.

The Chartist reports the long trade in the Aussie is still preferred but upside may soon become limited.