Sunday, August 16, 2015

Indices short term support and resistance

Daily DT, Weekly Neutral
Thu and Fri formed inside day
after Wed sell down.  A new diff had formed.  The sell down on Wed, broke channel support and long term trend line support.  Need to recover and close above TL1 2-3 days for more upside.
Potential resistance around 5,463, 5,528 and 5,617
Potential support around 5,316, 5,266 and 5,138

Daily Neutral, Weekly UT
Broke down from triangle, dl was few points away from 20,052 support.  The following 2 days formed inside day and new diff.  TL4 will be the support if 20,052 is broken.
Potential resistance around  20,619, 20,900, 22,500^ and 23,900^ 

Potential support around  20,052, 19,740 and 19,092
^Est figure using chart provided by Yahoo finance

Hong Kong
A false break out on Tue follow by sell down and broke Diff and long term trend line support on Wed.  Thu and Fri formed inside day.
Potential resistance around 24,892, 25,571 and 26,681
Potential support around  23,969, 22,409 and 21,682

Hong Kong China H-Shares
Daily DT, Weekly UT.
Quite similiar to HK, false break out on Tue and sell down on Wed.  Forming descending triangle, monitor for potential break out or break down, best to have some form of confirmation before entering a trade.
Potential resistance around 11,366, 11,821, 12,404 and 13,021
Potential support around 11,080, 10,711 and 10,450

Daily DT, Weekly Neutral
After failing to break pwh, it sell down on Wed and currently supported by TL3 and weekly diff SL  UK need to continue to trade above TL3 for more upside.  It is forming a symmetrical triangle, may monitor for potential break out or break down
Potential resistance around 6,809, 6,949 and 7,047
Potential support around 6,578, 6,489, 6,429 and 6,297

Daily Neutral, Weekly UT
The worst performer for this week, down nearly by 5%.  Currently supported by TL1.  Technical rebound may cover the 11-12 Aug gap. Retracement support will be at TL3, closing below will be bearish in short term.
Potential resistance around 11,147, 11,532, 11,774 and 11,994
Potential support around 10,930, 10,653 and 10,272

Broke TL1 and recovered on Fri.  3rd time testing 8311 level.  New Diff is formed.  Need to closed above TL1 for more upside.
Potential resistance around 8,578, 8,705, 8,836 and 9,006
Potential support around 8,435, 8,311 and 8,223

Key event to watch out  (SG Time)

18 Aug, Tue
  • 0930 AUD Monetary Policy Meeting Minutes
  • 1630 GBP CPI (YoY) (Jul)
  • 2030 US Building Permits (Jul)
19 Aug, Wed
  • 2030 US Core CPI (MoM) (Jul)
20 Aug, Thu
  • 1630 GBP Retail Sales (MoM) (Jul) 
  • 2200 US Existing Home Sales (Jul)
  • 2200 US Philadelphia Fed Manufacturing Index (Aug) 
  • 2030 US Core Retail Sales (MoM) (Jul) 
  • 2030 Retail Sales (MoM) (Jul)  
21 Aug, Fri
  • 2030 CAD Core CPI (MoM) (Jul)
  • 2030 CAD Core Retail Sales (MoM) (Jun)

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