Daily FNArena News - Technicals

The Chartist believes iron ore remains in a medium term uptrend but expects a period of price weakness.

Michael Gable of Fairmont Equities suggests that after a recovery run for the banks, downside risk remains.

Craig Parker of Moat Capital is concerned over a local VIX back at support and an S&P500 looking overbought.

The Chartist suggests an ongoing downtrend is reason to stay out of Woodside.

Michael Gable of Fairmont Equities believes the uptrend for plumbing fittings specialist Reliance Worldwide will resume after some short-term profit-taking.

Craig Parker of Moat Capital suggest that while the ASX200 continues to track sideways, the future looks increasingly uncertain.

Michael Gable of Fairmont Equities suggests Blackmores may be building a base for a technical recovery.

Craig Parker of Moat Capital suggests the medium term uptrend for the ASX200 may be set to recommence but there remains risk.

Michael Gable of Fairmont Equities notes Santos is set to move higher.

Craig Parker of Moat Capital suggests the fortunes of the ASX200 are inexorably tied to the banks, which is not encouraging.