Daily FNArena News - Technicals

Technical market analysts at FXCM suggest the current pattern of the Dow Jones Industrials is close to what was seen in July of this year.

The TechWizard reports it’s make or break time for shares in Qantas.

Veteran trader Jeff Clark has issued a warning on silver.

The Chartist remains cautiously optimistic on the outlook for the Australian share market.

Market analysts at FXCM suggest the rally in crude oil is now complete and the risk of a sharp reversal is high.

The Chartist sees potential for a short term rally in Paladin Energy shares, but also warns investors shouldn’t get carried away just yet.

Market analysts at FXCM suggest with crude prices reaching and slightly exceeding the resistance line from the May high trend, a dip is expected over the next week or so.

The Chartist reports the CRB Index sits on technical support and looks poised for a bounce higher.

Market analysts at FXCM suggest as the Australian dollar slide continues, the focus is on the channel below US95c.

Market analysts at FXCM suggest the Australian dollar may be forming a triangle pattern against the greenback, which would indicate a tighter range before a break to a new low.