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.
The credit crisis continues to beat up Wall Street, which in turn is creating turmoil in the Asian markets. Year-to-date, Tokyo is down over 15%, Syndey is off 23% and Shanghai is down a whopping 45%. Are the bears sticking around? We seek answers in the Dow's chart.
From energy to grains and metals, commodities are enjoying a rally in prices. New records for corn, rice, gold and of course crude oil have been set this year. Natural rubber is no different, with prices up by 50%. Charting Asia takes a look at why prices are bouncing higher.
In the movie, Kung Fu Panda, Master Oogway, the old wise tortoise tells Dustin Hoffman's red panda character Shifu, "There are no accidents". The best technical analysts will reach a similar conclusion when a chart like Hong Kong-listed Sinopec, flashes on the screen.
A breakout pattern and new uptrend are yet to emerge for the Shanghai Composite Index – recent activity indicates three possible patterns ahead.
Gold prices have fallen about 7 percent since its 2014 high but brace for further losses as the downtrend remains intact.
Come April, the price will fall to 530 yen with the sales tax completely excluded, and retailers can choose to absorb none, some or all of the tax.
The Shanghai Index is on course to potentially complete a broader strategic reversal pattern. Chartist Daryl Guppy explains.