Sunday, December 20, 2015

Indices short term support and resistance

Daily DT, Weekly DT
New diff created, broke lhf and Diff on Wed.
Potential resistance around  5,138, TLU2, TLD3, 5,266, 5,316
Potential support around TLU3, 5,025, 4,866, 4,833, TLD1, 4,696

Daily UT, Weekly UT
Closed with Outside day on weekly chart and daily chart.  This movement had shook out some of the weak holder for long and short.
Potential resistance around 19,092, 19,740, 20,052, TLD1
Potential support around 18,565, TLU2, 17,890, 17,328

Hong Kong
Daily DT, Weekly DT
Mon open lower but trade above op, trading higher for subsequent days.  Managed to over come and trade above TLD2 but resisted by TLD4.  Need to close above TLD4 for 2-3 days for upside to continue
Potential resistance around TLD4, 22,409, 22,886, 23,300, TLU1
Potential support around  21,682, TLD2, 21,080, TLU2, 20,011, TLD1

Hong Kong China H-Shares
Daily DT, Weekly DT
Movement is similiar to Hong Kong for the week.  Hong Kong China H-Shares had tested Sep low, as long as 9006 support can hold is a positive sign.
Potential resistance around    9,658, TLD1, TLD3, 10,182
Potential support around TLU2, TLD2, 9,195, 9,006, 8,637, 8,102

Daily DT, Weekly DT
Resisted by TLD1.  Mon almost but did not manage to test TLU1, may still try to test TLU1.
Potential resistance around 6,010, 6,070, 6,125, TLD1, TLU2, TLD2

Potential support around 5,894, TLU1, 5,637

Daily UT, Weekly UT
New diff created.  Resisted at TLD2.  If can overcome to close above TLD2 for 2-3 days, can see more upside.
Potential resistance around 10,653, TLD2, 10,930, TLU2, TLU3, 11,147
Potential support around 10,189, 9,942, 9,679 TLU1, TLD1, 6,468

Daily DT, Weekly DT
Mon had tested Sep low.  If can close above TLU2 for 2-3 days, may see more upside.
Potential resistance around  TLD2, 7,817, 7,929, 7,991
Potential support around TLU2, 7,682, 7,538, 7,417, 7,216

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

  • No important data
22 Dec, Tue
  • 2130 USD GDP (QoQ) (Q3)
  • 2300 USD Existing Home Sales (Nov)
23 Dec, Wed
  • Japan Holiday
  • 1730 GBP GDP (YoY) (Q3)   
  • 1730 GBP GDP (QoQ) (Q3) 
  • 2130 USD Core Durable Goods Orders (MoM) (Nov)
  • 2130 CAD Core Retail Sales (MoM) (Oct)  
  • 2130 CAD GDP (MoM) (Oct)
  • 2300 USD New Home Sales (Nov)
24 Dec, Thu
  • X'mas Eve
  • Germany holiday
  • US, Hong, Kong, France closed early
25 Dec, Fri
  • Merry X'mas

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