Sunday, April 3, 2016

Indices short term support and resistance


Australia
Daily UT, Weekly DT
New diff is formed.  Broke down and closed below TLD4.  Inside day of 29 Mar.  If unable to close above TLD4 for 2-3 days, may see more selling.
Potential resistance around 5,025, TLU6, TLD4, TLD5, 5,138, TLU3, 5,266, 5,316
Potential support around  TLU4, TLD3, 4,833, TLU5, 4,696, TLD1

Japan 
Daily Neutral, Weekly DT
Broke down from consolidation.  If TLU5 unable to hold, may see testing 15,418.  
Potential resistance around TLU4, 16,581, 16,896, 17,328, 17,890, 18,565
Potential support around  TLD3, TLU5, 15,418, 14,366, 13,843, 13,315 

Hong Kong
Daily UT, Weekly DT 
New diff is formed. Tested TLU2 but unable to hold and closed within consolidation range
Potential resistance around TLU2, TLU4, 21,080, 21,682, TLD5, 22,409 
Potential support around 20,011, TLD4, 19,073, TLU3, TLD2, TLD1,  18,051

Hong Kong China H-Shares
Daily UT, Weekly DT 
TLU4 will be the important support to watch retracement.
Potential resistance around 9,006, 9,195, TLU2, 9,658, TLD4, 10,182
Potential support around TLU4, 8,637, TLD3, 8,102, TLD2, TLU3

UK
Daily UT, Weekly DT
Consolidating for the 5th week between 6,070 and 6,237.
Potential resistance around  6,297, 6,429, TLU2, 6,578, 6,809
Potential support around 6,125, 6,070, TLD1, 6,010, TLD3, TLD2, 5,894

Germany
Daily UT, Weekly DT
Consolidating, if break above TLD2 for 2-3 days may see some upside.
Potential resistance around TLU1, TLU2, 9,924, 10,189, TLD2, 10,653, 10,930
Potential support around 9,679, 9,468, 9,216, 8,928

India
Daily UT, Weekly DT
Consolidating got 2nd week.  Next strong resistance level will be upper bound of Down trend channel 
Potential resistance around 7,817, 7,929, 7,991, TLU2, 8,085
Potential support around 7,682, 7,538, TLD3, 7,417, 7,216, TLD2, 6,887

Key event to watch out  (SG Time)
04 Apr, Mon
  • China and Hong Kong holiday
  • 0930 AUD Retail Sales (MoM) (Feb)
  • 1630 GBP Construction PMI (Mar)  
05 Apr, Tue
  • 1230 AUD Interest Rate Decision (Apr) 
  • 1630 GBP Construction PMI (Mar) 
  • 1630 GBP Services PMI (Mar) 
  • 2200 USD ISM Non-Manufacturing PMI (Mar)  
06 Apr, Wed
  • 1630 GBP Services PMI (Mar) 
  • 2200 CAD Ivey PMI (Mar) 
  • 2230 USD Crude Oil Inventories 
07 Apr, Thu
  • No important data
08 Apr, Fri
  • India holiday
  • 1630 GBP Manufacturing Production (MoM) (Feb)   
  • 2030 CAD Employment Change (Mar)  

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