The TechWizard is convinced the ASX200 will retest 4500 while the S&P500 has now confirmed a head-and-shoulders formation.
As things have moved fast since his earlier assessment, the TechWizard has updated his technical analysis of Fortescue shares.
The TechWizard reports he is following Fortescue shares with increased interest as a trading opportunity might present itself.
To add further to copper’s woes, April has left a bearish signal on price charts.
The TechWizard believes he has discovered a trading opportunity in Perpetual shares.
Copper has surprised to the downside and experts are now asking: when will copper prices stop falling?
The TechWizard reports the ASX200 is now testing technical support at 4800-4820.
Gold went up when nearly everything else went down, leaving a positive impression on technical analysts at Barclays Capital.
Equities in Shanghai are falling below technical support levels, weighing on sentiment for commodities.
The TechWizard anticipates more weakness for Energy Resources of Australia shares.