Indices short term support and resistance

Australia
Daily DT, Weekly DT
Broke TLU4, long term trend support and 24 Aug DL.  Need to break and close above 5,025 for 2-3 days for more upside
Potential resistance around 4,833, TLU4, 5,025, TLU3, 5,138
Potential support around TLD1, 4,696, 4,601, TLD2

Japan
Daily DT, Weekly Neutral
16,581 tested and closed above, if failed to hold, potential of 1,000 points downward
Potential resistance around 16,896, 17,328, 17,890, TLU2, 18,565
Potential support around 16,581, 15,418, 14,366

Hong Kong
Daily DT, Weekly DT
Broke strong trend support (TLU2) and down by 1,000 pts.  If failed to recover at TLD1, may see another 1,000 pts downward.
Potential resistance around 20,011, TLD2, TLU2, 21,080, TLD4, 21,682
Potential support around TLD1, 19,073, 18,051, 16,648

Hong Kong China H-Shares
Daily DT, Weekly DT
This week closed just below 8,102, if failed to recover for another day or 2, will see another 1,000 pts downward towards 6,727 to cover the gap on Mar 2009
Potential resistance around  8,102, 8,637, TLD2, 9,006, 9,195
Potential support around  6,727, 5,939, 4,990

UK
Daily DT, Weekly DT
Testing TLU1 (Strong trend support) and consolidating for the week but closed below it.  Closing below 5,768 for 2-3 days will see more sell down
Potential resistance around TLU1, 5,894, 6,010, 6,070, TLD2, TLD1, TLU2
Potential support around 5,768, 5,637, 5,433

Germany
Daily DT, Weekly Neutral
False break out and sell down to close below TLU1 (Strong trend support).  Next potential rebound  will be at TLD1 if the selling continue.
Potential resistance around 9,679, TLU1, 9,942, 10,189, TLU4, 10,653
Potential support around 9,468, TLD1, 9,216, 8,928, 8,758

India
Daily DT, Weekly DT
In consolidation, resisted by TLD2.  If can closed above TLD2 for 2-3 days, may see some upside.
Potential resistance around  7,538, TLD2, 7,682, 7,817
Potential support around 7,417, 7,216, 7,100, 6,887

Key event to watch out  (SG Time)
18 Jan, Mon

• US holiday
• No important data

19 Jan, Tue

• 1000 CNY GDP (YoY) (Q4)
• 1000 CNY GDP (QoQ) (Q4)
• 1000 CNY Industrial Production (YoY) (Dec)  
• 1730 GBP CPI (YoY) (Dec)
• 1800 EUR German ZEW Economic Sentiment (Jan)
• 1800 EUR CPI (YoY) (Dec)

20 Jan, Wed

• 0545  NZD CPI (QoQ) (Q4) 
• 1730 GBP Average Earnings Index +Bonus (Nov) 
• 1730 GBP Claimant Count Change (Dec)
• 2130 USD Building Permits (Dec)
• 2130 USD Core CPI (MoM) (Dec)
• 2300 CAD Interest Rate Decision

21 Jan, Thu

• 2045 EUR Interest Rate Decision (Jan)
• 2130 USD Philadelphia Fed Manufacturing Index (Jan)

22 Jan, Fri

• 0000 USD  Crude Oil Inventories
• 1630 EUR German Manufacturing PMI (Jan) 
• 1730 GBP Retail Sales (MoM) (Dec) 
• 2130 CAD Core CPI (MoM) (Dec)
• 2130 CAD Core Retail Sales (MoM) (Nov)
• 2300 USD  Existing Home Sales (Dec)