Daily FNArena News - Technicals

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.

Market analysts at FXCM suggest the US dollar is ready to resume its upswing after completing a short downward correction.

Technical market analysts now believe copper is poised for lower price levels.

Markets appear to have further to fall before hitting a bottom, reports Forex.com.

More weakness should be in store for both aluminium and copper, predict technical analysts at Barclays.

Market analysts at FXCM suggest crude oil is at the risk of a sharp reversal lower.

This doesn’t happen often but technical analysts at Barclays believe short term trends are Bearish for copper, crude oil and for gold.