INTC technical analysis

This old man stock is really moving so slow. Intel recently announced they are going to have restructuring (retrenchment target:12K) was affecting the stock price for a short while. From the fundamental perspective, it going to take a couple of years before Intel could see the fruits of its strategy. But from technical perspective I am still of the believe that it will move up to 40+ and my target is 40-50 where I will dump all or most of my stock. Many people are laughing at my target but only the one with the last laugh wins.

I am hoping macro factors and technical elements would push price to my target faster, say end of 2016 or early 2017.

Crude oil trading analysis for 30th May to 3rd June

After Russia and Venezuela started to intervene the oil price, I decided to stop trading crude oil because the behaviour is harder to understand. I'm planning to trade crude oil soon as I think it has reached a level where a correction is about to happen.

For a start, I shall post some analysis. 

Next Thursday is OPEC meeting so it going to be a tricky week to trade.48.81-49.31 could be tested again next week.49.42-49.45 could be the area of consolidation next Mon.

Natural Gas trading analysis for 30th May to 3rd June

2.22-2.186-2.173 will pose a strong resistance next week. Failure to cross this convincingly could mean price will drop back to the range 2.136-2.073 next week. 

For next Mon trading, 2.16-2.146 could be the area of consolidation

SGD/MYR and SGD/CNY technical analysis

Back then in Feb, based on the technical analysis I did, I told a friend about the level that SGD/MYR and SGD/CNY would go to. Now SGD/CNY has gone up to around 4.84 and drop to around to around 4.75 while SGD/MYR has drop to around 2.84 and back up to 2.96. This is the wonder of technical analysis that school does not teach. No matter how much hard work you put in work also can't find this kind of satisfaction feeling after your analysis is right.

For SGD/MYR, though the monthly TF is showing uptrend could resume, other TF is hinting that downtrend continues. If so, I see my target could be reach eventually.

SGD VS China Yuan technical analysis - May

I posted in March that it will hit the resistance level. Now it is consolidating at the resistance levels. I am watching for it to go up to 5-5.2 after this consolidation.

Related post: http://tachartreading.blogspot.com/2016/03/sgdcny-technical-analysis.html

Natural Gas trading analysis for 23rd May to 27th May

Next week, NG will probably test 2.038 - 2.019 again and 2.046/2.045 shall be the important resistance/support level to watch.

With contract / option expiry next week, NG may have unusual movement. 

Natural Gas trading analysis 16th May

2.018 could be coming if 2.035 can't hold

Natural Gas trading analysis for next week

If 2.105 is resisted, then 2.035 could be coming. If 2.105 is overcome, we may see 2.13 again.