Daily FNArena News - Technicals

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.

The Chartist retains its optimism suggesting the Australian share market may well be preparing itself for a break out to the upside.

Market analysts at FXCM suggest the technical picture for gold implies prices will head lower in coming days.

Robert Clayton of GTL Management suggests oil could run to US$105, then US$110, and even on to US$122. That’s WTI, not Brent.