Daily FNArena News - Technicals

The Chartist reports the trend for the gold price remains to the upside but many Australian listed miners have already run too hard.

Michael Gable of Fairmont Equities notes Macquarie Group has broken out of a triangle, suggesting a move to $140-150.

The Chartist suggests that with the trend in the iron ore price remaining to the upside, investors should exploit any pullbacks

Michael Gable of Fairmont Equities suggests Northern Star Resources is showing bullish signs, but needs a confirmed break-out.

Michael Gable of Fairmont Equities notes Fortescue Metals has pushed through resistance and the trend remains to the upside.

Michael Gable of Fairmont Equities suggests that after a period of consolidation, Cochlear is ready to start moving again.

Michael Gable of Fairmont Equities notes an underlying bullish pattern for NextDC suggests and dips should be bought.

The Chartist reports bullish patterns for the USD gold price suggest upside to US$1800/oz.

Michael Gable of Fairmont Equities notes Newcrest Mining has been underperforming of late but might now be set to rally.

Michael Gable of Fairmont Equities notes ASX200 signals have swung to negative from positive, suggesting a period of consolidation form here.