Daily FNArena News - Technicals

Michael Gable of Novus Capital notes the Australian market has become volatile as expected meaning bargain hunters should be wary of the fraught art of bottom picking.

The TechWizard believes a correction is on the cards for the Dow Jones Industrial Average.

The TechWizard’s charts suggest a recent stall in the yen’s fall is just a pause before yen selling resumes once more.

The Chartist sees scope for more blue sky for CBA even if a pullback eventuates.

The TechWizard contemplates whether a market correction would impact on high-flying defensive Telstra.

Michael Gable of Novus Capital anticipates a dip to buy for Australian stocks but it will be a volatile period of consolidation.

This week ATW’s Jerry Simmons examines a range of US stock and global commodities charts to find important levels being tested.

FXCM technical strategist Jamie Saettele reports last night’s price action in WTI has likely confirmed a bearish bias.

The Chartist reports Wesfarmers is nearing technical resistance, suggesting profit-taking is advised.

Michael Gable of Novus Capital discusses the potential for further upside in the Australian stock market.