Daily FNArena News - Technicals

Reuters chartist Wang Tao has published some very dire projections for the six months ahead.

Risk assets posted bearish signals on price charts in Q2, but the TechWizard suspects we might see a rally in the short term.

The TechWizard reports equity indices in the US and in Australia are approaching key support levels.

Head-and-shoulders formations, they’re everywhere this month. Try natural gas and aluminium.

The TechWizard sticks to his view the next few weeks will determine the direction for equities in the year ahead.

The TechWizard has stuck to his view that a rally would come, and it has.

Overnight price action in crude oil futures appears to point into the direction of a swift reversal of the underlying trend.

Monday’s failure by the S&P500 to close higher is proof of fierce resistance awaiting the index, chartists report.

The TechWizard believes the short term trend has reversed for equities.

The Techwizard predicts the coming three months will prove pivotal for US equities’ outlook.