Daily FNArena News - Technicals

The Chartist notes the S&P500 has broken out technically to suggest a run up but caution is still required.

Michael Gable of Fairmont Equities suggests lithium miner Mineral Resources is heading back to its highs.

Craig Parker of Moat Capital notes the ASX200 is now in an uptrend but a breather may be required before a push higher.

The Chartist highlights a comprehensive US-listed ETF devoted to all aspects of battery production, alongside Australian lithium miners.

Michael Gable of Fairmont Equities suggest that having twice held its Royal Commission low, National Bank is offering a buying opportunity.

Craig Parker of Moat Capital suggests the ASX200 would need to move back up through 6050 to break its recent down-trend.

Michael Gable of Fairmont Equities

Craig Parker of Moat Capital notes the ASX200 is bumping up against key resistance levels on the daily and weekly charts.

The Chartist reports strong upside may be ahead for the S&P500 but a retest of the low remains a risk.

Michael Gable of Fairmont Equities suggests Rio Tinto’s break-out confirms the resumption of an uptrend in price.