Daily FNArena News - Technicals

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.

The Chartist notes AMP shares have rallied post profit result but suggests the risk/reward balance is in favour of looking for investment elsewhere.

If gold does not press higher from here it is likely to go a lot lower, the charts tell the TechWizard.

Last night’s AUD reversal has triggered a sell signal the TechWizard has exploited.

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.