Daily FNArena News - Technicals

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.

The Chartist reports short term momentum might well carry ANZ Bank shares to $32.

The trend remains very much up for shares in NRW Holdings (NWH), reports Michael Gable of Fairmont Equities.

Craig Parker of Moat Capital reports his ideal scenario consists of a retracement first to between 5400-5300 for the ASX200.