Daily FNArena News - Technicals

Qantas shares might be cheap from a fundamental point of view, but the TechWizard sees no reason at all to start piling up.

The S&P/ASX200 index continues to bounce off its key suppport level, but the Wizard warns this is likely to get ugly.

You may have missed it (as it happened in the blink of an eye) but the index did again test support at 5500 on Thursday. Good news? Bad news? Here’s some expert feedback.

Weakness in the copper price is likely to continue in the short-term, the technical analyst at Barclays Capital noting recent support has now turned to resistance.

While the gold price slid last night and further volatility is likely short-term, technical chartists at Barclays Capital suggest the longer-term uptrend remains intact.

Copper weakened overnight and Barclays Capital chartists are cautious of a short-term top given the metal is approaching significant technical resistance.

The run in copper prices has not finished according to Barclays Capital as while resistance levels are approaching the group expects further gains.

Private hedge fund trader John Bedson weighs into the equities are getting expensive debate. It is his view that the good times are still ahead of us.

Technical analysis suggests the short term spot price outlook for gold’s little brother is down.