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.
Geopolitical tensions between Ukraine and Russia has accelerated the rally in Nymex oil prices that started in the week of January 18.
As questions on the effectiveness of Abenomics continue before a sales-tax hike takes effect in April, where the yen's headed is anyone's guess.
Worries about U.S. and China's weak economic data have seen gold rise to a three-and-a-half month high on Monday.
The appearance of a pattern in one time frame does not foreshadow the appearance of the same on a larger time frame.