Daily FNArena News - Technicals

Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.

Craig Parker of Moat Capital suggests the run-up for materials will ease to weigh on the index.

The Chartist reports the technicals are aligning for West Texas crude to retest US$80/bbl.

Michael Gable of Fairmont Equities notes packaging company Pact Group can retest prior highs having broken out of its range.

The Chartist notes the S&P500 has broken out technically to suggest a run up but caution is still required.

Michael Gable of Fairmont Equities suggests lithium miner Mineral Resources is heading back to its highs.

Craig Parker of Moat Capital notes the ASX200 is now in an uptrend but a breather may be required before a push higher.

The Chartist highlights a comprehensive US-listed ETF devoted to all aspects of battery production, alongside Australian lithium miners.

Michael Gable of Fairmont Equities suggest that having twice held its Royal Commission low, National Bank is offering a buying opportunity.

Craig Parker of Moat Capital suggests the ASX200 would need to move back up through 6050 to break its recent down-trend.