Daily FNArena News - Technicals

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.

This week ATW’s Jerry Simmons examines the potential for gold to test its 2012 low of 1535 and possibly even break lower.

The Chartist reports that while there may be more upside for banks until yield becomes unattractive, the move remains a bear market bounce.

The TechWizard sees exhaustion for the solid run in the NZDUSD with two or three week’s of selling now in the offing.

Michael Gable of Novus Capital looks to technical comparisons of sector performance in 2003 to debate the case for a bull market.