Daily FNArena News - Technicals

Michael Gable of Novus Capital suggests the ASX 200 has reached a critical juncture at which a lack of further gains would imply another drop to come.

This week ATW’s Jerry Simmons examines recent moves on oil and gold and sees upside for oil but a bear market for the precious metal.

Michael Gable of Novus Capital suggests the ASX 200 should push higher from here, but is still vulnerable on the downside.

The Chartist is on the sidelines, remaining bullish in the wider picture but wary of further near-term downside for copper.

The TechWizard suggests recent volatiltiy in the Dow Jones average is an indication the bulls may be starting to lose the battle, ahead of infamous May.

The Chartist reports the technical patterns for the S&P 500 are beginning to warn of a break to the downside.

Michael Gable of Novus Capital sees more extensive technical downside possible for the Australian market post the China data and Boston bombing.

This week ATW’s Jerry Simmons examines gold’s technical breakdown and discusses its outlook.

The Chartist suggests the sudden bounce in BHP Billiton is yet to prove technically convincing.

Michael Gable of Novus Capital suggests the big miners are set to post a rally with the offset being weakness in the big banks.