Daily FNArena News - Technicals

Don’t be fooled, this correction aint over just yet, report technical market analysts at Barclays.

Market analysts at FXCM suggest the technical objective for crude oil prices remains below US$90 per barrel.

Market analysts at FXCM suggest the oil market has seen its highs shorter-term, with downside targets currently at US$89 and US$84.40.

Market analysts at FXCM suggest gold’s bearish pattern is on track as the technical picture suggests a secondary top is in place.

Technical market analysts at Barclays believe the correction for commodities is not yet finished.

Technical analysts in the US are not concerned over fresh weakness in the S&P 500, seeing a very positive head and shoulders pattern as confirmed.

The TechWizard predicts the Canadian dollar will play catch up with the AUD against the USD.

The TechWizard reports it appears AUD/NZD is setting up for another break-out.

The TechWizard suggests the outlook for Kingsgate shares remains to the downside, with key support looming.

A USD in apparent freefall is extending long term uptrends for commodities and other assets, reports Barclays.