Daily FNArena News - Technicals

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.

The TechWizard sees bullish signs for Aussie dollar price action as a moving average is breached.

BHP Billiton shares have broken key technical support to the downside and the TechWizard believes rough times are likely to persist.

Weakness in AUD/USD is only a temporary phenomenon, predicts the TechWizard.

It’s April and US equities are back at what the TechWizard considers “natural resistance”. Will history repeat?

The Chartist explains why a breakout to the upside is long overdue for the Australian share market.