Daily FNArena News - Technicals

While promising nothing, Michael Gable of Fairmont Equities would not be surprised if an S&P500 relief rally begins from this point.

The Chartist reports WTI crude remains bearish under US$40/bbl and going either short or long here is not recommended.

Michael Gable of Fairmont Equities notes a bullish chart for NextDC even against the backdrop of plunging markets.

Michael Gable of Fairmont Equities notes history suggests the first bounce out of a heavy fall rarely proves to signal the end of the weakness.

The Chartist suggests the gold price has set itself up for a short-term pullback while the longer term uptrend remains in place.

Michael Gable of Fairmont Equities suggests Newcrest Mining can push further ahead before reassessment is needed.

Michael Gable of Fairmont Equities suggests Goodman Group represents a buying opportunity for longer term investors but remains bond yield dependent.

Michael Gable of Fairmont Equities notes WiseTech Global has consolidated its losses and now appears to be breaking to the upside.

Michael Gable of Fairmont Equities notes the ASX200 can pull back further before upsetting the longer term uptrend.

The Chartist remains long the S&P500 but the chart is suggesting potential to move either way.