Daily FNArena News - Technicals

The Chartists believes it is too early as yet to turn genuinely bullish on market heavyweights BHP Billiton and Rio Tinto.

Jonathan Barratt of Barratt’s Bulletin suggests the grains and soft commodities may be nearing a bottom.

Market analysts at FXCM look at the fundamental factors currently driving the gold market.

Chartists at Barclays point out aluminium appears to be carving out a long term bearish pattern on price charts, consistent with the team’s Greater Bearish View.

Chartists at Barclays anticipate steeper losses for base metals.

Chartists at Barclays Capital remain convinced base metals will see lower price levels.

Market analysts at FXCM suggest gold may be forming a triangle, the implication being the price will subsequently break to a fresh low.

On Friday the Chartist reported that while a bounce early this week was likely, the risk remains to the downside for the ASX200.

Robert Clayton of GTL Management suggests a four-year pattern is offering downside risk for BHP.

Robert Clayton of GTL Management suggests a breach of 4140 for the ASX 200 will result in further negative price action.