Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests a short term recovery is likely on Wall Street but it’s too early to conclude a bottom has been seen

The Chartist reports that while some caution is required in the short term, the longer term trend for oil is up

Michael Gable of Fairmont Equities suggests Goodman Group is set for a shot term rally, and perhaps a longer term one

Michael Gable of Fairmont Equities suggests the ASX200 could return to strength but is not confident yet in anything other than a bear market rally

Michael Gable of Fairmont Equities notes beaten-down building materials supplier James Hardie Industries appears to be setting for short term upside

With the copper price approaching solid support, The Chartist would like to see buyers responding before becoming bullish once more

Michael Gable of Fairmont Equities suggests graphite miner Syrah Resources is offering a short term opportunity

The Chartist suggests the banks are due a bounce but does not advise getting on board, as caution is still required

Michael Gable of Fairmont Equities does not recommend any buying right now, but suggests Carsales is one to keep an eye on in a bounce

Michael Gable of Fairmont Equities suggests it is now impossible to know how far the S&P500 might fall