Daily FNArena News - Technicals

The Chartist suggests the S&P500 may yet retrace back to its pre-covid high, but technicals suggest the longer term outlook is bullish.

Michael Gable of Fairmont Equities notes BHP Group has pushed through major resistance, suggesting more upside ahead.

The Chartist outlines reasons both technical and fundamental as to why iron ore remains in an uptrend

Michael Gable of Fairmont Equities suggests telco infrastructure company Superloop is set for a retest of its highs.

Michael Gable of Fairmont Equities notes Breville Group is retreating from recent highs and investors can wait to jump in at a better price.

Michael Gable of Fairmont Equities notes that after a period of consolidation, CSL appears set to break out and resume its upward trend.

Michael Gable of Fairmont Equities suggests a break-out of the range implies the ASX200 should now move higher, but it will not necessarily be smooth.

The Chartist suggests WTI crude may be in for a bit more upside but warns only short term traders should take the risk.

Michael Gable of Fairmont Equities notes Afterpay has pulled back toward its August peak and could be building upside once more.

The Chartist remains long term bullish the S&P500 but suggests staying on the sidelines for now until near term volatility abates.