Daily FNArena News - Technicals

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.

The Chartist reports that despite a recent rebound for BHP Billiton, the technicals do not suggest upside confidence.

Michael Gable of Fairmont Equities suggests the ASX200’s retest of the low and subsequent rebound suggests upside for the index from here.

Michael Gable of Fairmont Equities talks Veda, M2 Group, ARB Corp and IPH Ltd.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 is shaping to break down through 5000 but a low will then be established.