Sunday, September 20, 2015

Indices short term support and resistance

After the major sell down between 17 and 25 Aug, most of the indices are trading sideways within the range between 21 to 25 Aug  of the sell down

Australia
DT
Broke lhf on wed but failed to hold.  Resisted by TL1 and supported by TL4, hovering around TL6
Potential resistance around 5,138, 5,266, 5,316 and 5,463
Potential support around 5,025, 4,833, 4,696 and 4,601

Japan
Daily DT, Weekly UT
Resisted by TL5 and supported by TL6
Potential resistance around 18,565, 19,092, 19,740 and 20,052
Potential support around 17,890, 17,328, 16,581 and 15,418

Hong Kong
DT
Range bound between 22,409 and 20,011
Potential resistance around 22,409, 23,969 and 24,892
Potential support around 21,682, 21,080, 20,011, 19,073 and 18,051

Hong Kong China H-Shares
DT
Broke lhf on Wed and closed above TL1. 10,182 remained to be strong resistance
Potential resistance around  10,182, 10,711, 11,080 and 11,366
Potential support around 9,658, 9,195, 8,637, 8,102 and 6,727

UK
DT
Continue to close above TL3 but failed to break new high and yet broke pwl.  Continue to be range bound.
Potential resistance around 6,125, 6,297, 6,429, 6,578 and 6,809
Potential support around  6,070, 6,010, 5,894 and 5,637

Germany
Daily DT, Weekly UT
Tested TL6 but failed to close above, sell down on Fri and closed above weekly Diff SL
Potential resistance around 10,272, 10,653, 10,930 and 11,147
Potential support around  9,924, 9,679, 9,468 and 9,216

India
DT
Broke lhf on weekly chart and closed above Trend DT channel.  Support will be at TL4 and 7,817
Potential resistance around  7,991, 8,085, 8,223 and 8,435
Potential support around 7,929, 7,812, 7,538 and 7,417

Key event to watch out  (SG Time)
21 Sep, Mon

  • Japan Holiday
  • 2200 USD Existing Home Sales (Aug)
22 Sep, Tue
  • Japan Holiday
23 Sep, Wed
  • Japan Holiday
  • 0945 CNY Caixin Manufacturing PMI (Sep)  
  • 1530 German Manufacturing PMI (Sep) 
  • 2030 CAD Core Retail Sales (MoM) (Jul)
24 Sep, Thu
  • Singapore Holiday
  • 1600 German Ifo Business Climate Index (Sep)
  • 2030 USD Core Durable Goods Orders (MoM) (Aug)
  • 2200 USD New Home Sales (Aug)
25 Sep, Fri
  • India Holiday
  • 2030 USD GDP (QoQ) (Q2)

No comments:

Post a Comment