Sunday, June 21, 2015
Indices short term support and resistance
Some of the indices had a good pull back worth to monitor for long while some just started a pull back, need to be caution on those if holding long positions
Some of the key events (SG Time):
22 Jun
Holiday China - Dragon Boat Festival
2200 US Existing Home Sales
23 Jun
0945 China HSBC Manufacturing PMI
1500-1600 French, German and Europe Manufacturing & Service PMI (Jun)
2030 US Core Durable Goods Orders
2200 US New Home Sales
24 Jun
2030 US GDP (QoQ) (Q1)
Australia
Daily DT, Weekly UT. Peak at mid of Mar.
Potential resistance around 5,617, 5,735 and 5,845
Potential support around 5,504, 5,457 and 5,400
Japan
UT. Peak at end of May. Broke down from consolidation mode
Potential resistance around 20,262, 20,413 and 20,619
Potential support around 20,114, 19,973, 19,740 and 19,448
Hong Kong
UT. Peak at end of Apr. Resisted by trend line
Potential resistance around 26,888, 27,262 and 27,806
Potential support around 26,388, 25,571 and 25,193
Hong Kong China H-Shares
Daily Neutral, Weekly UT. Peak at end of May.
Broke down from consolidation mode. Continue to go lower, this will cover the gap between 2 and 8 Apr.
Potential resistance around 13,595, 14,047 and 14,513
Potential support around 13,021, 12,404 and 11,821
UK
DT. Peak at mid of Apr. Resisted by trend line
Potential resistance around 6,736, 6,809 and 6,949
Potential support around 6,578, 6,429 and 6,297
Germany
Daily DT, Weekly UT. Peak at mid of Apr.
Potential resistance around 11,326, 11,471 and 11,893
Potential support around 10,930, 10,653 and 10,272
Singapore
Daily DT, Weekly UT. Peak at mid of Apr.
Based on weekly chart, STI formed inside day, resisted by trend line
Potential resistance around 3,355 and 3,405
Potential support around 3,301, 3,263 and 3,216
India
Daily DT, Weekly UT. Peak at beginning of Mar.
Potential resistance around 8435 and 8578
Potential support around 8,223, 7,958, 7,817 and 7,538
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