Daily FNArena News - Technicals

The Chartist reports the US dollar index has failed at head & shoulders support and thus further downside is expected.

Michael Gable of Fairmont Equities suggests investors should brace for further downside in QBE Insurance.

Craig Parker of Moat Capital will likely see a move back to 5900 before successfully conquering 6000, with the banks proving a worry.

The Chartist is waiting for an S&P500 pullback but right now a trigger is unclear.

Michael Gable of Fairmont Equities suggests Westfield Corp is set for further gains.

Craig Parker of Moat Capital expects more consolidation from the ASX200 before a move back above 6000.

The Chartist sees copper strength returning after some consolidation.

Michael Gable of Fairmont Equities suggests that after a period of consolidation, fleet management company EclipX should resume its uptrend.

Craig Parker of Moat Capital suggests the ASX200 could settle between 6000-6100 before heading higher longer term.

Michael Gable of Fairmont Equities believes BHP is set to join the party of resources stocks breaking to the upside.