Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests the ASX200 is shaping for a rally, and looks at the prospects for Commonwealth Bank.

Craig Parker of Moat Capital suggests the ASX200 may fall into a downtrend as the S&P500 leads the way.

The Chartist reports copper is showing upside technical support even if the price falls lower.

Michael Gable of Fairmont Equities suggests lithium miner Orocobre should find support at $5.00.

Craig Parker of Moat Capital suggests the ASX200 remains in a longer term uptrend, but the question is as to how far this pullback will run.

The Chartist reports the technicals for USD gold are looking positive.

Michael Gable of Fairmont Equities notes a break-out for Resolute Mining suggests further upside to retest the highs.

Craig Parker of Moat Capital notes the focus is on the US, where the S&P500 is close to testing its 200-day moving average.

Michael Gable of Fairmont Equities notes that after a strong 2017, payment system disruptor Afterpay Touch is showing ominous technical signals.

Craig Parker of Moat Capital notes the ASX200 is currently stuck between moving averages, with bank weakness a downside risk.