Daily FNArena News - Technicals

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.

Robert Clayton of GTL Management provides his technical appraisal of near-term Aussie dollar direction.

TheChartist is not yet shifting into cash but is tightening trailing stops on stock positions.

Market analysts at FXCM suggest with gold holding above its April low the metal is forming a bullish base.

Gold has been forming a corrective triangle since its peak which the Wizard warns can catch out unwary traders.