Sunday, December 13, 2015

Indices short term support and resistance


Australia
Daily Neutral, Weekly DT
False break lhf on Mon and broke down again on Tue and broke 4 support lines
Potential resistance around TLU3, 5,025, 5,138, TLU2, TLD3
Potential support around 4,833, TLD1, TLD2, 4,696

Japan
Daily UT, Weekly UT
Similar to Australia with false break lhf on Mon and broke hlf on Tue.  COT for Nikkei is getting higher but yet to hit 70 level, may monitor more closely
Potential resistance around 19,092, 19,740, 20,052, TLD1
Potential support around 18,565, TLU2, 17,890, 17,328


Hong Kong
Daily UT, Weekly DT
Similar to Australia with false break lhf on Mon and broke hlf on Tue.  TLU2 is the important support level to look out for.
Potential resistance around 21,682, TLD2, TLD4, 22,409, 22,886
Potential support around   21,080, TLU2, 20,011, TLD1

Hong Kong China H-Shares
Daily Neutral, Weekly DT
Similiar to Australia with false break lhf on Mon and broke hlf and TLD2 on Tue.  9,006 is an important support level to monitor.
Potential resistance around  TLU2, TLD2, 9,658, TLD1, TLD3, 10,182
Potential support around   9,195, 9,006, 8,637, 8,102

UK
Daily Neutral, Weekly DT
Broke hlf on Mon, the actual selling step in on Tue and Fri.  Monitoring TLU1 for potential rebound.
Potential resistance around 6,010, 6,070, 6,125, TLD1, TLU2, TLD2
Potential support around 6,125, TLU1, 5,894, 5,637

Germany
Daily UT, Weekly UT
Similar to Australia with false break lhf on Mon and broke hlf and TLU2 on Tue.  New Diff is formed and closed below Diff SL on Fri.
Potential resistance around 10,653, TLD2, TLU2, TLU3, 10,930
Potential support around 10,189, 9,942, 9,679 TLU1, TLD1, 6,468

India
Daily DT, Weekly DT
Similar to Australia with false break lhf on Mon and broke hlf and TLU2 on Tue.  Trading sideway from Wed to Fri
Potential resistance around 7,682, TLU2, 7,817, TLD2, 7,929
Potential support around 7,538, 7,417, 7,216

Key event to watch out  (SG Time)
14 Dec, Mon

  • 0750 JPY Tankan Large Manufacturers Index (Q4) 
  • 0750 JPY Tankan Large Non-Manufacturers Index (Q4)
15 Dec, Tue
  • 1730 GBP CPI (YoY) (Nov)
  • 1800 German ZEW Economic Sentiment (Dec)  
  • 2130 USD Core CPI (MoM) (Nov)
16 Dec, Wed
  • 1630 German Manufacturing PMI (Dec) 
  • 1730 GBP Average Earnings Index +Bonus (Oct) 
  • 1730 GBP Claimant Count Change (Nov)
  • 1800 EUR CPI (YoY) (Nov)  
  • 2130 USD Building Permits (Nov) 
17 Dec, Thu
  • 0300 USD FOMC Economic Projections
  • 0300 USD FOMC Statement  
  • 0300 USD Fed Interest Rate Decision
  • 0545 NZD GDP (QoQ) (Q3)
  • 1700 German Ifo Business Climate Index (Dec) 
  • 1730 GBP Retail Sales (MoM) (Nov)
  • 2130 USD Philadelphia Fed Manufacturing Index (Dec)  
18 Dec, Fri
  • 2130 CAD Core CPI (MoM) (Nov)

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