Daily FNArena News - Technicals

The Chartist remains bullish on Fortescue Metals but believes patience is required in the short term.

Michael Gable of Fairmont Equities suggests last night’s fall in the Dow is a warning sign.

Craig Parker of Moat Capital believes the rebound for the ASX200 suggests a move to 6000.

The Chartist suggests the ion ore price has reached a level which will determine whether more upside or downside is to follow.

Michael Gable of Fairmont Equities suggests Bendigo & Adelaide Bank is looking at downside after a solid run.

Craig Parker of Moat Capital suggests the ASX200 continues to look nervous near term but remains bullish medium term.

The Chartist reports the Aussie is in a bullish trend.

Michael Gable of Fairmont Equities notes a move up for company Liquefied natural Gas Ltd with an upside break-out on the cards.

Craig Parker of Moat Capital suggests a lot depends on Wall Street and currently caution is required for the ASX200.

The direction of the price of gold is now linked to the direction of US interest rates, says James Stanley, Currency Strategist FXCM.