Daily FNArena News - Technicals

Michael Gable of Fairmont Equities Macquarie Group’s share price is establishing a base before heading higher.

Craig Parker of Moat Capital would be more bullish on the ASX200 but for the risk the upcoming election offers.

The Chartist reports the short term trend for USD gold remains to the downside but an opportunity may soon present.

Michael Gable of Fairmont Equities noted BlueScope Steel has broken out of short term consolidation.

Craig Parker of Moat Capital suggest the bulls are doing their best for the ASX200 but conviction is faltering.

The Chartist suggests a healthy consolidation period for the iron ore price would provide a buying opportunity in mining stocks.

Michael Gable of Fairmont Equities suggests a break-out for goldminer Newcrest points to resumption of the uptrend.

Craig Parker of Moat Capital remains short term positive on the ASX200, depending on what happens early this week.

The Chartist suggests that from a technical perspective, beaten-down lithium miners may now be worth another look.

Having avoided QBE Insurance for many years, Michael Gable of Fairmont Equities believes the worst may now be over.