The Chartist notes signs of Telstra topping out ahead of a possible correction, within its upside trend.
Market analysts at FXCM note the S&P rally has stalled as the US dollar trades around a key support level. They suggest a turn lower for equities could boost the currency.
Robert Clayton of GTL Management suggests technical signals point to a pullback in the Commonwealth Bank price.
Technical analysts observe a lack of substance pushing up global equities. At the same time, most believe the present rally can continue.
The TechWizard is wary about this week’s rally for US equities as his indicators show a lack of market strength.
The Chartist suggests recent signs of recovery in the Australian Materials sector index do not change the downward trend.
Market analysts at FXCM offer some insights into pivot points and how they can assist traders.
Michael Gable of Novus Capital sees the recent rally in the ASX200 as corrective, and is yet to be convinced we’re not headed lower.
The TechWizard reports the AUD/USD seems destined for much higher levels.
The Chartist sees a potentially strong upside move for the natural gas price.