Daily FNArena News - Technicals

Technical analysis combined with historical data suggests the Nasdaq index has over-stretched itself. Sideways or correction seem but the two options left.

The TechWizard is preparing for a pull back.

Market analysts at FXCM suggest crude oil and metal prices are now vulnerable as risk appetite is unravelling.

Don’t be fooled by last night’s pause, chartists warn, for crude oil futures are on the brink of a rally higher.

The Chartist reports one technical interpretation the USD Index having peaked inside an ongoing negative trend channel.

Technical analysts believe gold has been building a base for the next rally upwards.

The Chartist reports few definitive conclusions can be drawn from Woodside price charts, other than that a base building process might be in place.

Underlying weakness in copper has chartists at Barclays worried.

Technical market analysts at Barclays suggest nickel’s longer term downtrend might be re-establishing itself.

Charlie Chartchecker is preparing for a pull back, but he’s not too worried about it.