Daily FNArena News - Technicals

The TechWizard believes more weakness should be expected for the price of crude oil.

If crude oil futures are showing the direction for global risk appetite, this week’s retreat has a lot further to go.

If crude oil is showing the short term direction of global risk appetite, more weakness should be expected for equities.

Gold has performed well in recent sessions but technical analysts at Barclays Capital now see scope for a near-term top.

Technical analysts at Barclays Capital see different paths ahead for crude oil and gold in the next few sessions.

Barclays chartists have been surprised by crude oil’s strong surge, as well as by gold’s frustrating performance.

The TechWizard reports US equities have reversed an ugly technical picture into a supportive one. Is short-covering the next big theme?

Commodity Indices are posting bearish signals, and so is crude oil, but the TechWizard sees favourable signs for US equities.

Last night saw US equities and commodities rally, but chartists maintain the technical picture for both still looks weak.

Gold is in a correction and it aint going to be over anytime soon, says the TechWizard.