Daily FNArena News - Technicals

Craig Parker of Moat Capital suggests that with the 200MA holding, the ASX200 should now consolidate and perhaps recover to some extent.

The Chartist retains a bullish view post S&P500 correction but suggests staying out until volatility subsides.

Michael Gable of Fairmont Equities suggests GUD Holdings is providing opportunity post result release.

Craig Parker of Moat Capital notes it was all looking good for the ASX200 until the US jobs report was released.

The Chartist is bullish on gold in 2018 but remains cautious in the shorter term.

Michael Gable of Fairmont Equities suggests Fortescue Metals’ bounce off its lows can run further.

Craig Parker of Moat Capital suggests if the ASX200 does not breach 6140 soon, action around the 60-day moving average will dominate.

Michael Gable of Fairmont Equities analyses the technicals for beaten-down Commonwealth Bank.

Craig Parker of Moat Capital sees a pullback for the ASX200 as a buying opportunity but it will depend on the banks.

The Chartist reports the technical picture for the S&P500 continues to be supportive of further upside, though short term a cautious approach seems but appropriate.