Daily FNArena News - Technicals

The Chartist is awaiting the opportunity to jump on a strong run up for G8 Education.

Michael Gable of Fairmont Equities suggests the ASX200 will need to do some work to break up through 5400, but the technicals are positive.

Nick Linton-Ffrost of Fifth Wave suggests breaking above 5420 implies a move back to 6000 for the ASX200.

The Chartist reports the technicals are suggesting the sell-off in Telstra may now be petering out.

Michael Gable of Fairmont Equities reports the technicals suggest Commonwealth Bank shares are primed to rally back over $80.

Nick Linton-Ffrost of Fifth Wave suggests trading above 5420 would signal a return to the highs for the ASX200.

Market analysts at FXCM believe US dollar weakness will trigger a break-up in the WTI oil price through the 200-day moving average and higher thereafter.

The Chartist reports that after a long sell-down, Woolworths is technically suggesting the possibility of further upside.

Michael Gable of Fairmont Equities notes small cap iProperty has broken out of the top of its range.

Nick Linton-Ffrost of Fifth Wave suggests buying the dips in the index as the short term trend is up.