Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
Oil prices are expected to continue their uptrend quicker than they did in the past 12 months, according to technically analysis. Prices will likely test historical resistance, and $100 may be achievable.
It's just a few weeks since my last note on the euro-dollar but I think an update is appropriate given the continued battering of the single currency.
When the Australian dollar stumbles, it often stumbles badly. This makes the AUD/US a difficult trading situation because when a collapse occurs, the AUD tumbles quickly. Investors hoping for a rebound of the Australian dollar to beyond the $0.90 level may be disappointed. Chart analysis shows this is unlikely to happen for awhile.
Chart Analysis suggests the euro-dollar will be trapped in the $1.19-$1.25 consolidation range, but will fall "rapidly" to $1.03 when the $1.19 level is breached, according to Daryl Guppy, trader and author of Trend Trading.
Australia's 40 percent resource “super profits” tax fired at miners on Sunday has given the new meaning to to the word 'walloped', which is is a good old Australian word defining a cowardly attack or beating. According to chart analysis, Rio Tinto stock which took a beating in recent weeks shows the announcement was not all that unexpected.
Markets are expecting blockbuster earnings from Samsung Electronics, which on Friday is expected to post first-quarter profit that increased seven-fold on robust demand for personal computers and TVs. However, traders hoping to profit from post-results movements on its stock price may be disappointed.
When the bears are right, it could sometimes mean a great opportunity for the bulls. This seems to be the case for Goldman bulls, at least according to technical analysis.
General Electric shares are set to climb further, regardless of the quality of its results on Friday, according to technical chartist Daryl Guppy, CEO of Guppytraders.com.
Oil's rebound from near-$38 was fast and strong, which suggests the downward pressure on the commodity is weakening.
Caterpillar is the perfect proxy for the infrastructure build required to sustain the world economy.
The VIX is often called the fear index, and it's an apt description but often for all the wrong reasons.
It's been called Doctor Copper because the metal has long been used as an indicator of global economic health.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.