Sunday, April 10, 2016

Indices short term support and resistance


Australia
Daily Neutral, Weekly DT
Unable to overcome TLD4 and broke down. New diff is formed and closed within Diff.  If unable to recover above TLD4, may see testing long term trend line TLU5 again.
Potential resistance around TLU4, 5,025, TLU6, TLD4, TLD5, 5,138, TLU3, 5,266, 5,316
Potential support around  TLD3, 4,833, TLU5, 4,696, TLD1

Japan 
Daily DT, Weekly DT
Mentioned in last week posting "may see testing 15,418" and is tested.  A new diff is formed.  If unable to close above 15,418, may see testing Taos SL or 14,795 again.  Sharp increase in buying interest (>70) but yet to hit extreme.  Worth to enter on lhf 2ET.
Potential resistance around TLU5, 16,581, TLU4, 16,896, 17,328, 17,890, 18,565
Potential support around  15,418, 14,795, TLD3, 14,366, 13,843, 13,315 

Hong Kong
Daily UT, Weekly DT 
New diff is formed. Broke out of TLU2 but unable to hold and closed within consolidation range. New daily and weekly diff are formed. Fri closed with outside day.  Potential of a new trend.
Potential resistance around TLU2, 21,080, TLU4, TLD5, 21,682, 22,409 
Potential support around 20,011, TLD4, 19,073, TLU3, TLD1, 18,051

Hong Kong China H-Shares
Daily UT, Weekly DT 
TLU4 failed to hold.  New weekly and daily diff are formed.  If TLD3 failed to hold, may see testing long term trend support, TLU3
Potential resistance around TLU4, 9,006, 9,195, TLU2, TLD4, 9,658
Potential support around 8,637, TLD3, 8,102, TLD2, TLU3

UK
Daily UT, Weekly DT
Consolidating for the 6th 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, 6,010, TLD1, TLU3, TLD2, TLD3, TLU1, 5,894

Germany
Daily DT, Weekly DT
Broke down from consolidation.  May test long term trend support (TLU2) if 9,468 failed to hold
Potential resistance around 9,679, 9,924, TLU1, TLD2, 10,189, 10,653
Potential support around 9,468, 9,216, 8,928, TLU2, 8,758

India
Daily UT, Weekly DT
Broke down from consolidation.  New daily and weekly diff are formed.  If 7,417 level unable to hold (close below 7,417 for 2-3 days), may see more selling 
Potential resistance around 7,682, 7,817, 7,929, 7,991, TLU2, 8,085
Potential support around 7,538, TLD3, 7,417, 7,216, TLD2, 6,887



Key event to watch out  (SG Time)
11 Apr, Mon
  • 0930 CNY CPI (YoY) (Mar) 
12 Apr, Tue
  • 1630 GBP CPI (YoY) (Mar) 
13 Apr, Wed
  • Tentative CNY Trade Balance (USD) (Mar)   
  • 2030 USD Core Retail Sales (MoM) (Mar)   
  • 2030 USD PPI (MoM) (Mar)  
  • 2030 USD Retail Sales (MoM) (Mar) 
  • 2200 CAD Interest Rate Decision 
  • 2230 USD Crude Oil Inventories 
14 Apr, Thu
  • India holiday
  • 0930 AUD Employment Change (Mar)   
  • 1700 EUR CPI (YoY) (Mar) 
  • 1900 GBP Interest Rate Decision (Apr) 
  • 2030 USD Core CPI (MoM) (Mar)  
15 Apr, Fri
  • India holiday
  • 1000 CNY GDP (QoQ) (Q1) 
  • 1000 CNY GDP (YoY) (Q1) 
  • 1000 CNY Industrial Production (YoY) (Mar)   

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