Daily FNArena News - Technicals

Are equities correcting in a downward trend or is this the beginning of a new, sustained rally?

The Chartist reports BHP Billiton shares are steadfastly on their way to the previously determined technical target.

The Chartist cannot get too excited about short term prospects for Santos shares.

The Chartist reports gold needs to revisit US$1450 first before a new upswing can take place.

The TechWizard warns investors should not underestimate downward potential for AUD/USD.

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.