Daily FNArena News - Technicals

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.

Michael Gable of Fairmont Equities is keeping a close watch on spot gold, suspecting there might be more upside in store.

The Chartist suggests the S&P500 will continue to rise, but an interim pullback may soon provide a buying opportunity.

Michael Gable of Fairmont Equities suggests the slide in Retail Food Group has further to run before a base might be found.

Craig Parker of Moat Capital notes the ASX200 is struggling to break 6000 on a lack of volume.

The Chartist reports any signs of a meaningful rally for gold are absent as price action continues to suggest the downside.

Michael Gable of Fairmont Equities suggest Aristocrat Leisure may pull back further but that would provide a buying opportunity.