Sunday, July 3, 2016
Indices short term support and resistance
Australia
Daily Neutral, Weekly DT
Tested trend channel lower band and recovered within channel. Need to break weekly diff (5,347) and close above for 2-3 days for more upside
Potential resistance around TLU6, 5,316, TLU3, 5,463, 5,528
Potential support around 5,266, 5,138, 5,025, TLU4, TLD5, 4,833
Japan
Daily DT, Weekly DT
Broke down from symmetrical triangle last week after trying to recover. TLU6 remained a resistance.
Potential resistance around TLU5, TLU6, TLD6, 16,581, 16,896, TLU4, 17,328, 17,890
Potential support around 15,418, 14,795, 14,366, 13,843
Hong Kong
Daily DT, Weekly DT
If can break and close above weekly Diff (21,446) for 2-3 days, may see more upside
Potential resistance around 21,080, TLD5, 21,682, 22,409, TLU4
Potential support around TLU2, TLU5, 20,011, 19,073, TLU3, 18,051
Hong Kong China H-Shares
Daily DT, Weekly DT
Need to close above TLD6 for 2-3 days for more upside.
Potential resistance around TLD6, 9,006, 9,195, TLD4, TLU2, 9,658
Potential support around 8,637, TLU6, TLD5, 8,102, TLU3, TLU4, 7,479
UK
Daily Neutral, Weekly DT
Tested long term trend support and rebounded strongly broke recent high.
Potential resistance around 6,809, TLU2, 6949, 7,047, 7,079, 7,127
Potential support around 6,578, 6,429, 6,297, TLD2, 6,125, 6,070, 6,010, TLU3, 5,894, 5,768
Germany
Daily DT, Weekly DT
If more upside, may see it cover the gap 23 Jun where TLU1 is the trend line resistance. If break down, may see testing long term support, TLU2
Potential resistance around 9,924, 10,189, TLU1, TLU3, TLD3, 10,653, 10,930
Potential support around 9,679, TLD2, 9,468, 9,216, TLU2, 8,928
India
Daily UT, Weekly DT
Tested UT lower band for 2 weeks, broke and closed above weekly diff (8,262). If this week continue to stay above weekly diff, may see UT resume
Potential resistance around 8,435, 8,578, 8,705, 8,836
Potential support around TLU2, 8,223, 8,085, 7,991, 7,929, 7,817
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