Sunday, April 24, 2016

Indices short term support and resistance


Australia
Daily UT, Weekly DT
After outside day on Mon, it rallied testing resistance and closed within Diff
Potential resistance around 5,266, TLU3, 5,316, 5,463, 5,528
Potential support around 5,138, TLU6, TLD5, 5,025, TLD4, TLU4, 4,833

Japan 
Daily Neutral, Weekly DT
Broke 17,328 (recent high), need to close above for 2-3 days to continue with more upside.
COT buying interest is getting lesser, be more caution.
Potential resistance around  17,890, 18,565, 19,092, TLU2, TLD1, 19,740
Potential support around 17,328, 16,896, TLU4, 16,581, TLU5, 15,418, 14,795


Hong Kong
Daily UT, Weekly DT 
Consoldating within Diff, supported by TLD5
Potential resistance around  TLU4, 21,682, 22,409, 23,969, TLU1  
Potential support around TLD5, 21,080, TLU2, 20,011, 19,073

Hong Kong China H-Shares
Daily UT, Weekly DT 
Consolidating, unable to break new high.  New diff is formed and closed below Diff.
Potential resistance around 9,195, TLU4, TLU2, TLD4, 9,658, 10,182
Potential support around 9,006, 8,637, TLD3, 8,102, TLU3

UK
Daily UT, Weekly DT
Closed with a doji in weekly chart.  If unable to close above weekly Diff (6,375) may see pull back.
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 UT, Weekly DT
Outside day formed on Mon and rallied.  If TLU1 support unable to hold during a pull back, may see a bigger pull back
Potential resistance around 10,653, TLD3, 10,930, 11,147
Potential support around 10,189, TLU1, TLD2, 9,924, 9,679, 9,468, 9,216

India
Daily UT, Weekly DT
A new diff is formed.  Down trend upper channel will be an important support if broken for 2-3 days, will see some sell down.
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)
25 Apr, Mon
  • Australia and New Zealand holiday
  • 1600 EUR German Ifo Business Climate Index (Apr)
  • 2200 USD New Home Sales (Mar)  
26 Apr, Tue
  • 2030 USD Core Durable Goods Orders (MoM) (Mar)
  • 2040 CAD BoC Gov Poloz Speaks
  • 2200 USD CB Consumer Confidence (Apr) 
27 Apr, Wed
  • 0930 AUD CPI (QoQ) (Q1) 
  • 1630 GBP GDP (YoY) (Q1) 
  • 1630 GBP GDP (QoQ) (Q1) 
  • 2200 USD Pending Home Sales (MoM) (Mar)
  • 2230 USD Crude Oil Inventories 
28 Apr, Thu
  • 0200 USD FOMC Statement
  • 0200 USD Fed Interest Rate Decision 
  • 0500 NZD Interest Rate Decision 
  • 0500 NZD RBNZ Rate Statement
  • 1140 JPY BoJ Monetary Policy Statement (YoY) 
  • 1300 JPY BoJ Outlook Report (YoY)
  • 1430 JPY BoJ Press Conference   
  • 1555 EUR German Unemployment Change (Apr) 
  • 2030 USD GDP (QoQ) (Q1)
29 Apr, Fri
  • Japan Holiday
  • 1700 EUR CPI (YoY) (Apr) 
  • 1700 EUR GDP (QoQ) (Q1) 
  • 2030 CAD GDP (MoM) (Feb) 

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