Daily FNArena News - Technicals

Market analysts at FXCM see enough reasons to remain cautious on risk assets and positive on the USD.

Michael Gable of Novus Capital was looking for a higher level on the bounce for the ASX 200 and thus remains of a negative view.

Robert Clayton of GTL Management notes the Aussie is close to a clear break-up, although a bearish bias remains until that occurs.

They changed their view last month and are sticking by it despite serious price weakness since: chartists at Barclays remain bearish oil.

The Chartist believes more weakness is necessary for the ASX200 before a major low will be in place.

Robert Clayton of GTL Management reports a significant technical level is looming to the downside for the ASX200.

ANZ technical FX analysts understand the temptation to ride the Aussie higher, but they warn of growing signs of near term correction.

ATW’s Jerry Simmons is seeing positive technical signals for the euro, gold, natural gas and the Nasdaq.

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.