Sunday, June 5, 2016

Indices short term support and resistance


Australia
Daily UT, Weekly DT
No clear direction for the 4th week.  New weekly diff is formed.
Potential resistance around TLU3, 5,463, 5,528, 5,617, TLU2, 5,735
Potential support around 5,316, TLU6, 5,266, 5,138, 5,025

Japan 
Daily Neutral, Weekly DT
Tested the upper symmetrical triangle (TLD6) and retraced.  New daily and weekly is formed.  Weekly chart closed with a -roc outside day while daily chart closed with 3 black soldiers,  these show -ve sentiment.
Potential resistance around 16,581, TLU4, 16,896, 17,328, TLD6, 17,890
Potential support around  TLU5, TLU6, 15,418, 14,795

Hong Kong
Daily UT, Weekly DT 
New diff is formed.  If can break TLD5 and stay above positive sentiment will continue. 
Potential resistance around 21,080, TLD5, 21,682, TLU4, 22,409
Potential support around TLU2, 20,011, TLU5, 19,073, TLU3,  18,051

Hong Kong China H-Shares
Daily Neutral, Weekly DT 
Need to overcome weekly diff RL (9,360) to confirm Up trend.
Potential resistance around 9,006, 9,195, TLU2, TLD4, 9,658
Potential support around 8,637, TLD5, TLU5, 8,102, TLU3, TLD3, 7,479

UK
Daily UT, Weekly DT
Back to consolidation range. TLD2 will be the resistance line to watch out.
Potential resistance around 6,297, TLD2, 6,429, 6,578, TLU2, 6,809
Potential support around 6,125, 6,070, 6,010, TLD1, TLU3, 5,894, 5,768

Germany
Daily UT, Weekly DT
Failed to test Apr high and pull back.  Fri closed with outside day and below TLU1, short term is not that positive.
Potential resistance around TLU1, 10,189, TLU3, 10,653, TLD3, 10,930, 11,147
Potential support around 9,924, TLD2, 9,679, 9,468, 9,216

India
Daily UT, Weekly Neutral
No clear direction after last week big movement.  Will still watch for entry on pull back.
Potential resistance around 8,223, 8,435, 8,578, 8,705
Potential support around TLU2, 8,085, 7,991, 7,929, 7,817, 7,682

Key event to watch out  (SG Time)
06 Jun, Mon
  • New Zealand holiday
  • No important data 
07 Jun, Tue
  • 0030 USD Fed Chair Yellen Speaks (Tentative)
  • 1230 AUD Interest Rate Decision (Jun)  
  • 1330 INR Interest Rate Decision 
  • 2200 CAD Ivey PMI (May) 
08 Jun, Wed
  • 0750 JPY GDP (QoQ) (Q1) 
  • 1028 CNY Trade Balance (USD) (May) 
  • 1630 GBP Manufacturing Production (MoM) (Apr) 
  • 2230 USD Crude Oil Inventories 
09 Jun, Thu
  • Hong Kong and China Holiday
  • 0500 NZD Interest Rate Decision 
  • 0930 CNY CPI (YoY) (May) 
10 Jun, Fri
  • China Holiday
  • 2030 CAD Employment Change (May) 

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