Daily FNArena News - Technicals

The Chartist reports that having rejected an all-time high, Beach Energy has further to fall before buying is recommended.

Vic Patel of the Forex Training Group sees the Aussie at US60c in the next 4-6 months.

Michael Gable of Fairmont Equities suggests consolidation for auto parts specialist ARB Corp should give way to renewed upside.

Craig Parker of Moat Capital suggests the ASX200 appears to be holding technical support but whereto from here is beholden to more bank woes.

Michael Gable of Fairmont Equities notes BHP historically bounces off reliable technical levels, now approaching.

Craig Parker of Moat Capital suggests that if the ASX200 can consolidate around current levels, another upside run is possible.

The Chartist sees no reason why logistics REIT Goodman Group cannot move up significantly.

Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.

Craig Parker of Moat Capital suggests the run-up for materials will ease to weigh on the index.

The Chartist reports the technicals are aligning for West Texas crude to retest US$80/bbl.