Daily FNArena News - Technicals

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

Craig Parker of Moat Capital notes technical analysis cannot predict unfolding geopolitical risk, although the trend remains weak for the ASX200.

The Chartist reports the technicals for the iron ore price are becoming supportive, suggesting positions in iron ore miners are worth considering.

Michael Gable of Fairmont Equities suggests the ASX200 is shaping for a rally, and looks at the prospects for Commonwealth Bank.

Craig Parker of Moat Capital suggests the ASX200 may fall into a downtrend as the S&P500 leads the way.

The Chartist reports copper is showing upside technical support even if the price falls lower.

Michael Gable of Fairmont Equities suggests lithium miner Orocobre should find support at $5.00.

Craig Parker of Moat Capital suggests the ASX200 remains in a longer term uptrend, but the question is as to how far this pullback will run.

The Chartist reports the technicals for USD gold are looking positive.

Michael Gable of Fairmont Equities notes a break-out for Resolute Mining suggests further upside to retest the highs.