Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests Fortescue Metals’ bounce off its lows can run further.

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.