Daily FNArena News - Technicals

A dip in gold prices at the end of last week suggests a near-term top but the technical analysts at Barclays Capital suggest buying on any move towards US$1,750 per ounce.

Technical analysts at Barclays remain positive on aluminium, and on copper.

The Chartist is anticipating the return of buyers’ interest for BHP Billiton shares.

Technical market analysts at Barclays anticipate technical support will hold for crude oil, copper and aluminium.

The Chartist suggests a “significant low” has likely been seen for National Australia Bank shares.

Market analysts at FXCM suggest the technical picture for oil continues to favour the downside, with a test of the low at US$75.68 still likely.

The Chartist reports the ASX200 is likely to pause before making a potential turn higher.

Technical market analysts at Barclays believe caution remains warranted regarding crude oil and industrial metals.

Charlie Chartchecker reports it is at times like these investors should closely watch crude oil futures for further direction.

Well-defined share price ranges offer opportunities for traders, reports the TechWizard.