Daily FNArena News - Technicals

Despite Wednesday’s price action, Barclays’ technical analysts believe there are reasons to believe copper is due for a larger correction.

The Australian share market seems to be forming a diamond top on price charts, the Wizard warns. This would be a bearish signal.

The TechWizard reports the current rally is likely to carry gold to or above US$1500/oz, but it won’t go via one straight line.

The technical analysts at Barclays Capital suggest oil prices may struggle shorter-term, though medium-term further gains are still expected.

The TechWizard reports Atlas shares look very promising on price charts.

The TechWizard reports this week could be crucial for AUD/USD.

Technical market analysts at Barclays see copper challenging its previous all-time high by December.

Crude oil futures have become the laggards in the September rally and experts believe this is not about to change soon.

Technical market analyst Daniel Goulding says the market should move into consolidation mode, but a rally into December remains on the cards.

Chartists at Barclays remain of the view crude oil futures are not looking healthy on price charts.