Sunday, April 17, 2016

Indices short term support and resistance


Australia
Daily Neutral, Weekly DT
Tue broke lhf and diff.  Wed broke TLD4 and run up within weekly Diff range.  If close below TLD5 show short term weaknesses.
Potential resistance around 5,266, TLU3, 5,316, 5,463
Potential support around 5,138, TLU6, TLD5, 5,025, TLD4, TLU4, 4,833, TLD3, TLU5

Japan 
Daily Neutral, Weekly DT
Need to break 17,328 (recent high) and closed above for 2-3 days to continue with more upside
Potential resistance around 16,896, 17,328, 17,890, 18,565
Potential support around   TLU4, 16,581, TLU5, 15,418, 14,795, TLD3, 14,366

Hong Kong
Daily UT, Weekly DT 
Broke diff on Mon and broke recent high on Wed.  Retracement support will be at weekly Diff RL or TLU2 for more upside
Potential resistance around  TLD5, TLU4, 21,682, 22,409, 23,969, TLU1  
Potential support around 21,080, TLU2, 20,011, 19,073

Hong Kong China H-Shares
Daily UT, Weekly DT 
A new diff is formed. If can stay above TLU4, may see testing long term trend line, TLU2.
Potential resistance around TLU2, TLD4, 9,658, 10,182, TLU1, 10,711
Potential support around 9,195, TLU4, 9,006, 8,637, TLD3, 8,102

UK
Daily UT, Weekly DT
Broke out after 6 weeks consolidation and a new diff is formed.  Retracement must not closed below weekly Diff RL for more than 3 days to continue with the break out.
Potential resistance around  6,429, 6,578, TLU2, 6,809
Potential support around 6,297, 6,125, 6,070, 6,010, TLD1, TLU3, TLD2, TLD3, TLU1, 5,894

Germany
Daily Neutral, Weekly DT
Recovered and back to consolidation range. Resisted by weekly Diff RL.  If can break and stay above TLD2 for 2-3 days, may see more upside.
Potential resistance around TLD2, 10,189, 10,653, TLD3, 10,930
Potential support around TLU1, 9,924, 9,679, 9,468, 9,216

India
Daily UT, Weekly DT
Weekly chart closed with outside day.  On daily chart, broke out trend down channel. Monitor closely to enter on next break on lhf
Potential resistance around 7,929, 7,991, TLU2, 8,085, 7,112, 7,435
Potential support around 7,817, 7,682, 7,538, 7,417, 7,216


Key event to watch out  (SG Time)
18 Apr, Mon
  • 0645 NZD CPI (QoQ) (Q1) 
19 Apr, Tue
  • India holiday
  • 1700 EUR German ZEW Economic Sentiment (Apr) 
  • 2030 USD Building Permits (Mar) 
20 Apr, Wed
  • 1630 GBP Average Earnings Index +Bonus (Feb) 
  • 1630 GBP Claimant Count Change (Mar) 
  • 2200 USD Existing Home Sales (Mar) 
  • 2230 USD Crude Oil Inventories 
21 Apr, Thu
  • 1630 GBP Retail Sales (MoM) (Mar)
  • 1945 EUR Interest Rate Decision (Apr) 
  • 2030 USD Philadelphia Fed Manufacturing Index (Apr) 
22 Apr, Fri
  • 1530 EUR German Manufacturing PMI (Apr)  
  • 2030 CAD Core CPI (MoM) (Mar)     
  • 2030 CAD Core Retail Sales (MoM) (Feb)  

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