Daily Financial News - Technicals

Analysts believe Commonwealth Bank is too expensive (they always do) while The Chartist sees further upside, but now is not the best time to get in.

Michael Gable of Fairmont Equities notes that having lost favour in February-March, Afterpay rebounded but failed in April. It may be now ready for another go at $100

Michael Gable of Fairmont Equities is keen on cyclicals as the ASX200 pushes higher and notes Bega Cheese is on the move.

The Chartist reports WTI crude has tracked as technically expected and now offers bullish signals

Michael Gable of Fairmont Equities suggests that having retested its lows, CSL now could be set to retest its high

Chinese target Treasury Wine Estates has not had a good few months but technically the signs are positive, notes Michael Gable of Fairmont Equities.

The Chartist reports the technicals for the iron ore price remain bullish, although a breather from here would neither be unexpected nor unhealthy

Michael Gable of Fairmont Equities notes a break-out for uranium miner Bannerman Resources, as the uranium price begins to rally

Michael Gable of Fairmont Equities notes the technicals for REA Group suggests break-up potential ahead of the company’s quarterly result release

Michael Gable of Fairmont Equities suggests that having bumped up against resistance, plumbing parts manufacturer Reliance Worldwide is in an interesting position