Daily FNArena News - Technicals

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.

This week ATW’s Jerry Simmons suggests WTI is reaching a critical point at which a break-out either way would be significant. The S&P 500 needs to hold 1520.

The Chartist reports signs copper is nearing the end of its long corrective move and a sharp bounce may be not far off.

Michael Gable of Novus Capital can see weakness ahead in the near term for the Australian market, but is ready to step into the big miners soon.

Michael Gable of Novus Capital believes the pullback in the ASX 200 is not over yet.