Indices short term support and resistance

Australia
Daily UT, Weekly UT
Consolidating between 5,430 and 5,617
Potential resistance around 5,528, TLU4, TLU5, 5,617, UT Channel Resistance, 5,735
Potential support around 5,463, UT Channel Support, 5,316, 5,266

Japan 
Daily Neutral, Weekly DT
Forming a small ascending triangle between TLU4 and 16,896.  Upside maybe limited due to neutral trend in daily chart and DT in weekly chart
Potential resistance around 16,581, TLU3, 16,896, TLU2, 17,328, DT Channel Resistance, 17,890
Potential support around TLU4, TLU1, TLD1, 15,418, 14,795

Hong Kong
Daily UT, Weekly UT 
It had run up quite a fair bit after broke out from symmetrical triangle, 23,463 is a crucial level to overcome and stay above for UT to continue
Potential resistance around 23,463, 23,969, TLU1, 24,892, 25,571
Potential support around 22,409, 21,682, 21,080, TLD5, TLD6, TLU2, TLD5, 20,011

Hong Kong China H-Shares
Daily UT, Weekly Neutral
Similiar to HK, broke out form symmertical triangle and had a good run up.
Potential resistance around TLU2, 9,658, 9,984, 10,182, TLU1, 10,711
Potential support around TLD4, 9,195, 9,006, TLU6, TLD6, TLU7,  8,637

UK
Daily UT, Weekly UT
Broke out from directionless (since last posting).  Weekly Diff Support (6,781), a level to watch for potential rebound for any pull back.
Potential resistance around 6949, 7,047, TLU2, 7,079, 7,127
Potential support around 6,809, 6,578, 6,429, 6,297

Germany
Daily UT, Weekly UT
A new weekly diff is formed.  TLU1 will be an important support for any pull back.
Potential resistance around TLU4, 10,653, 10,930, 11,147, TLU3, 11,532
Potential support around TLU1, TLD3, 10,189, TLD4, 9,924, 9,679, 9,468

India
Daily UT, Weekly UT
Consolidating between 8,478 and 8,742.  Supported by UT channel.  If broke down from consolidation, may see testing 8,280 level
Potential resistance around 8,705, 8,836, UT Channel Resistance, 9,006
Potential support around UT Channel Support, 8,578, 8,435, TLU2, 8,223

Indices short term support and resistance

Australia
Daily UT, Weekly Neutral
A new diff is formed and closed above Diff.  May test higher before a pull back.
Potential resistance around 5,528, 5,617, UT Channel Resistance, 5,735
Potential support around TLU4, 5,463, TLU5, 5,316, UT Channel Support, 5,266

Japan 
Daily Neutral, Weekly DT
Closed slightly above Diff.  Outside day formed on Thur while Fri is an inside day.  Need to overcome TLU2 for more upside.
Potential resistance around 16,896, TLU2, 17,328, 17,890, DT Channel Resistance
Potential support around 16,581, TLU3, TLD1, TLU1, 15,418, 14,795

Hong Kong
Daily UT, Weekly DT 
Broke out of symmetrical triangle (TLD6, TLU6).
To maintain the up trend, any pull back need to close above TLU2
Potential resistance around 22,409, TLU4, 23,969, TLU1 
Potential support around 21,682, 21,080, TLD6, TLU2, TLD5, TLU5, 20,011

Hong Kong China H-Shares
Daily UT, Weekly DT 
Broke out of symmetrical triangle (TLD6, TLU7) and trade within the Diff
If unable to break out from Diff, may see a pull back.
Potential resistance around 9,006, 9,195, TLD4, TLU2, 9,658
Potential support around TLD6, 8,637, TLU6, TLD5, 8,102

UK
Daily UT, Weekly Neutral
Directionless for 2 weeks.
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

Germany
Daily Neutral, Weekly DT
Covered 23 Jun gap.  Strong resistance at weekly diff (10,347)
Potential resistance around 10,189, TLD4, TLU1, TLD3, 10,653
Potential support around 9,924, 9,679, 9,468, TLD2, 9,216

India
Daily UT, Weekly Neutral
Directionless after the gap up last week.  Any pull back, UT channel lower band is a strong support for potential rebound
Potential resistance around 8,578, 8,705, 8,836, UT Channel Resistance, 9,006
Potential support around 8,435, UT Channel Support, TLU2, 8,223, 8,085, 7,991

Indices short term support and resistance

Australia
Daily Neutral, Weekly DT
Broke UT 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 5,316, TLU6, TLU3, 5,463, 5,528
Potential support around 5,266, 5,138, 5,025, TLU4, TLD5, 4,833

Japan 
Daily DT, Weekly DT
In weekly chart, formed inside day in 2 consecutive weeks.  No clear direction.
Potential resistance around 15,418, TLU5, TLU6, TLD6, 16,581, 16,896, TLU4, 17,328, 17,890
Potential support around  14,795, 14,366, 13,843, TLD4, 13,315

Hong Kong
Daily DT, Weekly DT 
Moving within symmetrical triangle (TLD6, TLU6, magneta color), explosive movement maybe coming soon
Potential resistance around TLU2, TLD5, 21,080, TLD6, 21,682, 22,409, TLU4
Potential support around TLU5, 20,011, TLU6, 19,073, TLU3, 18,051

Hong Kong China H-Shares
Daily DT, Weekly DT 
Similar to HK, moving within symmetrical triangle (TLD6, TLU7), explosive movement maybe coming soon
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 UT, Weekly Neutral
Moving within Diff after a new diff is formed.  No clear direction for this week.  Daily trend from Neutral to UT while weekly trend from DT to Neutral.
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
Direction not clear, trying to cover 23 Jun gap but failed.  Upside may see it cover the gap 23 Jun while downside watch for TLU2, long term trend support
Potential resistance around 9,679, 9,924, 10,189, TLU1, TLU3, TLD3, 10,653
Potential support around TLD2, 9,468, 9,216, TLU2, 8,928

India
Daily UT, Weekly DT
A new weekly and daily diff are formed.  Any pull back, UT channel lower band is a strong support for potential rebound
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

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

Indices short term support and resistance

Australia

Daily UT, Weekly DT

New diff is formed and closed below Diff.  If unable to recover for next 2-3 days, may see testing UT channel lower band.

Potential resistance around 5,266, TLU6, 5,316, TLU3, 5,463, 5,528

Potential support around 5,138, 5,025, TLU4, TLD5, TLD4, 4,833

Japan 

Daily Neutral, Weekly DT

Trying to recover but failed after failed to overcome TLU4.  A new diff is formed, tested Diff SL and closed within Diff.  Movement still within symmetrical triangle.

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 

Broke TLD5 but failed to hold and sell down broke Diff SL.  Looking to long on next lhf break.  In weekly chart, closed with -roc, short term weakness.

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 

New diff is formed and broke below Diff.  Similiar to Hong Kong, weekly chart closed with -roc, short term weakness.

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 Neutral, Weekly DT

Broke down and closed below diff.  Outside day is formed on weekly chart. It may remain weak till uk referendum on 23 Jun.  Still within the familiar consolidation range.

Potential resistance around 6,125, 6,297, TLD2, 6,429, 6,578, TLU2, 6,809

Potential support around 6,070, 6,010, TLD1, TLU3, 5,894, 5,768

Germany

Daily Neutral, Weekly DT

Broke down and tested weekly Diff.  If closed below 9,679 for 2-3 days may see testing long term support, TLU2

Potential resistance around 9,924, TLU1, 10,189, TLU3, 10,653, TLD3, 10,930, 11,147

Potential support around TLD2, 9,679, 9,468, 9,216, TLU2, 8,928

India

Daily UT, Weekly Neutral

Failed to break out and back to Diff range.  If Diff (daily and weekly) fail to hold, may see retrace back to Up trend support channel

Potential resistance around TLU2, 8,223, 8,435, 8,578, 8,705

Potential support around 8,085, 7,991, 7,929, 7,817, 7,682

Key event to watch out  (SG Time)
13 Jun, Mon

• Australia holiday
• 1000 CNY Industrial Production (YoY) (May) 

14 Jun, Tue

• 1630 GBP CPI (YoY) (May)  
• 2030 USD Core Retail Sales (MoM) (May)
• 2030 USD Retail Sales (MoM) (May) 

15 Jun, Wed

• 1630 GBP Average Earnings Index +Bonus (Apr)  
• 1630 GBP Claimant Count Change (May)   
• 2030 USD PPI (MoM) (May) 
• 2230 USD Crude Oil Inventories 

16 Jun, Thu

• 0200 USD FOMC Economic Projections 
• 0200 USD FOMC Statement   
• 0200 USD Fed Interest Rate Decision 
• 0230 USD Fed Chair Yellen Speaks 
• 0645 NZD GDP (QoQ) (Q1) 
• 0930 AUD Employment Change (May)   
• 1100 JPY BoJ Monetary Policy Statement (YoY)   
• 1430 JPY BoJ Press Conference 
• 1530 CHF Interest Rate Decision 
• 1630 GBP Retail Sales (MoM) (May) 
• 1700 EUR CPI (YoY) (May) 
• 1900 GBP Interest Rate Decision (Jun) 
• 2030 USD Core CPI (MoM) (May) 
• 2030 USD Philadelphia Fed Manufacturing Index (Jun)  

17 Jun, Fri

• 2030 USD Building Permits (May) 
• 2030 CAD Core CPI (MoM) (May)

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) 

Indices short term support and resistance

Australia
Daily UT, Weekly DT
Trying to break out in daily chart but still within weekly Diff.  No clear direction for the 3rd week.
Potential resistance around 5,463, 5,528, 5,617, TLU2, 5,735
Potential support around TLU3, 5,316, TLU6, 5,266, 5,138, 5,025

Japan 
Daily Neutral, Weekly DT
In daily chart, broke out on Wed but still within the symmetrical triangle (TLD6 and TLU6).  Waiting for clearer signal, else will trade short term.
Potential resistance around 17,328, TLD6, 17,890, 18,565
Potential support around 16,896, TLU4, 16,581, TLU5, TLU6, 15,418

Hong Kong
Daily Neutral, Weekly DT 
Break out of daily Diff and closed above Diff for 3 days, short term is positive.  If unable to close above TLU2 for more than 3 days, watch TLU5 for support.  
Potential resistance around TLU2, TLD5, 21,080, TLU4, 21,682, 22,409
Potential support around  20,011, 19,073, TLU3, TLD4, 18,051, TLD1, 16,648

Hong Kong China H-Shares
Daily Neutral, Weekly DT 
Broke lhf in weekly chart.  Need to break and stay above TLD5 for more than 3 days for more upside.
Potential resistance around 8,637, 9,006, TLD5, TLU4, 9,195, TLU2, TLD4, 9,658
Potential support around 8,102, TLD3, TLU3, 7,479, TLD2, 6,727

UK
Daily UT, Weekly DT
Broke out from consolidation and directionless on last 2 days of the week.  Due to Brexit referendum on 23 Jun, market may be getting more volatile with various news.  TLD2 will be the resistance line to watch out.
Potential resistance around 6,297, 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
Broke and closed above TLU1 for 3 days, short term is positive.  May test Apr high.  If can break and close Apr high, may see testing TLD3.
Potential resistance around  10,653, TLD3, 10,930, 11,147
Potential support around 10,189, TLU3, TLU1, 9,924, TLD2, 9,679, 9,468

India
Daily UT, Weekly Neutral
Rallied for 3 consecutive days after testing the trend upper channel on Tue.  May 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)
30 May, Mon

• UK and US holiday
• No important data 

31 May, Tue

• 1555 EUR German Unemployment Change (May)
• 1700 EUR CPI (YoY) (May)
• 2030 CAD GDP (MoM) (Mar)
• 2200 USD CB Consumer Confidence (May)

01 Jun, Wed

• 0900 CNY Manufacturing PMI (May)
• 0930 AUD GDP (QoQ) (Q1)
• 0945 CNY Caixin Manufacturing PMI (May)
• 1555 EUR German Manufacturing PMI (May)
• 1630 GBP Manufacturing PMI (May)
• 2200 USD ISM Manufacturing PMI (May)   

02 Jun, Thu

• 0930 AUD Retail Sales (MoM) (Apr)   
• 1630 GBP Construction PMI (May)
• 1945 EUR Interest Rate Decision (Jun)
• 2015 USD ADP Nonfarm Employment Change (May) 
• 2230 USD Crude Oil Inventories 

03 Jun, Fri

• 1630 GBP Services PMI (May)  
• 2030 USD Nonfarm Payrolls (May) 
• 2030 USD Unemployment Rate (May) 
• 2200 USD ISM Non-Manufacturing PMI (May) 

Indices short term support and resistance

Australia
Daily UT, Weekly DT
Directionless for 2 weeks, a new weekly diff is formed.
Potential resistance around 5,463, 5,528, 5,617, TLU2, 5,735
Potential support around TLU3, 5,316, TLU6, 5,266, 5,138, 5,025

Japan 
Daily DT, Weekly DT
Broke out on Tue, resisted by TLU4, after that trading Directionless for 2 weeks. In weekly chart, 3rd week of inside day.  Forming symmetrical triangle, TLD6 and TLU6. COT buying interest is not that positive too.
Potential resistance around TLU4, 16,896, 17,328, TLD6, 17,890
Potential support around  16,581, TLU5, TLU6, TLD4, 15,418, 14,795

Hong Kong
Daily DT, Weekly DT 
Trading below diff for 2 weeks, no clear direction. TLU3 may be tested again.  If TLU3 fail to hold, may test current year low at 18,051
Potential resistance around 20,011, TLU2, TLD5, 21,080, TLU4, 21,682, 22,409
Potential support around  19,073, TLU3, TLD4, 18,051, TLD1,  16,648

Hong Kong China H-Shares
Daily Neutral, Weekly DT 
Directionless for this week.  If TLU3 fail to hold, current year low may be tested.
Potential resistance around 8,637, 9,006, TLD5, TLU4, 9,195, TLU2, TLD4, 9,658
Potential support around 8,102, TLD3, TLU3, 7,479, TLD2, 6,727

UK
Daily Neutral, Weekly DT
Consolidating between 6,070 and 6,237.  If break down from consolidation, may see testing TLU3 again.
Potential resistance around 6,297, 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
Resisted by TLU1.  If break down recent low, may see testing 9,468 (Apr low)
Potential resistance around 9,924, TLU3, TLU1, 10,189, 10,653
Potential support around TLD2, 9,679, 9,468, 9,216, 8,928

India
Daily UT, Weekly DT
Continue to hover along down trend upper channel.  In weekly chart, an outside day bar is formed, potential of a new trend.
Potential resistance around 7,817, 7,929, 7,991, 8,085, TLU2, 8,223
Potential support around 7,682, 7,538, 7,417, 7,216, TLD2, 6,887


Key event to watch out  (SG Time)
23 May, Mon

• Canada holiday
• 1530 EUR German Manufacturing PMI (May)  

24 May, Tue

• 1400 EUR German GDP (QoQ) (Q1) 
• 1700 EUR German ZEW Economic Sentiment (May) 
• 2200 USD New Home Sales (Apr)  

25 May, Wed

• 1600 EUR German Ifo Business Climate Index (May) 
• 2200 CAD Interest Rate Decision   
• 2230 USD Crude Oil Inventories 

26 May, Thu

• 1630 GBP GDP (QoQ) (Q1) 
• 1630 GBP GDP (YoY) (Q1) 
• 2030 USD Core Durable Goods Orders (MoM) (Apr) 
• 2200 USD Pending Home Sales (MoM) (Apr) 

27 May, Fri

• 2030 USD GDP (QoQ) (Q1)

Indices short term support and resistance

Australia

Daily UT, Weekly DT

Trying to break out of Diff but failed and back to trading within Diff.

Potential resistance around TLU3, 5,463, 5,528, 5,617

Potential support around 5,316, 5,266, TLU6, 5,138, 5,025, TLD5, TLU4, TLD4, 4,833

Japan 

Daily Neutral, Weekly DT

Broke out on Tue, resisted by TLU4 and trade directionless

Potential resistance around  16,581, TLU4, 16,896, 17,328, TLD6, 17,890

Potential support around  TLU5, TLU6, TLD4, 15,418, 14,795

Hong Kong

Daily UT, Weekly DT 

A new diff is formed, consolidated within Diff, broke down 20,011 and Diff.  TLU3 may be tested again.  If TLU3 fail to hold, may test current year low at 18,051

Potential resistance around 20,011, TLU2, TLD5, 21,080, TLU4, 21,682, 22,409

Potential support around  19,073, TLU3, TLD4, 18,051, TLD1,  16,648

Hong Kong China H-Shares

Daily UT, Weekly DT 

Broke down from new diff formed, TLU3 may be tested.  Similar to HK, if TLU3 fail to hold, current year low may be tested.

Potential resistance around 8,637, 9,006, TLD5, TLU4, 9,195, TLU2, TLD4, 9,658

Potential support around 8,102, TLD3, TLU3, 7,479, TLD2, 6,727

UK

Daily Neutral, Weekly DT

Back to consolidating range between 6,070 and 6,237.  If break down from consolidation, may see testing TLU3 again.

Potential resistance around 6,125, 6,297, 6,429, 6,578, TLU2, 6,809

Potential support around 6,070, 6,010, TLD1, TLU3, 5,894, 5,768

Germany

Daily UT, Weekly DT

Broke down from TLU3, if unable to recover, may see testing 9,468 (Apr low)

Potential resistance around TLD2, 9,924, TLU3, TLU1, 10,189, 10,653

Potential support around 9,679, 9,468, 9,216, 8,928

India

Daily UT, Weekly DT

Consolidating and hover along down trend upper channel.

Potential resistance around 7,817, 7,929, 7,991, 8,085, TLU2, 8,223

Potential support around 7,682, 7,538, 7,417, 7,216, TLD2, 6,887

Key event to watch out  (SG Time)
16 May, Mon

• Germany and Switzerland holiday
• No important data   

17 May, Tue

• 0930 AUD RBA Meeting's Minutes
• 1630 GBP CPI (YoY) (Apr) 
• 2030 USD Building Permits (Apr) 
• 2030 USD Core CPI (MoM) (Apr) 

18 May, Wed

• 0750 JPY GDP (QoQ) (Q1) 
• 1630 GBP Average Earnings Index +Bonus (Mar)  
• 1700 EUR CPI (YoY) (Apr)  
• 2230 USD Crude Oil Inventories 

19 May, Thu

• 0200 USD FOMC Minutes
• 0930 AUD Employment Change (Apr) 
• 1630 GBP Retail Sales (MoM) (Apr)  
• 2030 USD Philadelphia Fed Manufacturing Index (May)  

20 May, Fri

• 2030 CAD Core CPI (MoM) (Apr) 
• 2030 CAD Core Retail Sales (MoM) (Mar)    
• 2200 USD Existing Home Sales (Apr) 

Indices short term support and resistance

Australia

Daily UT, Weekly DT

A new diff is formed trading within diff, resisted by TLU3

Potential resistance around TLU3, 5,316, 5,463, 5,528, 5,617

Potential support around 5,266, 5,138, TLU6, TLD5, 5,025, TLD4, TLU4, 4,833

Japan 

Daily Neutral, Weekly DT

This week is directionless, inside day of 29 Apr.  A new diff is formed.  Trading below weekly diff.  On the positive side, COT buying interest is above 70.

Potential resistance around  16,581, TLU4, 16,896, 17,328, TLD6, 17,890

Potential support around  TLU5, TLU6, TLD4, 15,418, 14,795

Hong Kong

Daily UT, Weekly DT 

Broke down from Diff and TLU2 (trend line support).  If 20,011 unable to hold, may see testing TLU3 (trend line support) again

Potential resistance around  TLU2, TLU4, TLD5, 21,080, 21,682, 22,409

Potential support around  20,011, 19,073, TLU3, TLD4, 18,051 

Hong Kong China H-Shares

Daily UT, Weekly DT 

Broke down from consolidating and a new diff is formed.  If unable to recover above Diff, may see testing TLU3 (Trend line support)

Potential resistance around 8,637, 9,006, TLD5, TLU4, 9,195, TLU2, TLD4, 9,658

Potential support around 8,102, TLD3, TLU3, TLD2, 6,727

UK

Daily UT, Weekly DT

Managed to close above weekly Diff (6,375) for 2 days but unable to hold and sell down to close below weekly Diff.  A new diff is formed.  If unable to stay above diff, may see testing TLU3 (Trend line support)

Potential resistance around 6,297, 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

If unable to hold above TLU3 for 2-3 days, may test 9,468 

Potential resistance around TLD2, 9,924, TLU1, 10,189, 10,653

Potential support around TLU3, 9,679, 9,468, 9,216, 8,928

India

Daily UT, Weekly DT

Sell down and back to down trend upper channel.  If unable to close above down trend upper channel, may see testing 7,538

Potential resistance around 7,817, 7,929, 7,991, 8,085, TLU2, 8,223

Potential support around 7,682, 7,538, 7,417, 7,216, TLD2, 6,887

Key event to watch out  (SG Time)
09 May, Mon

• No important data   

10 May, Tue

• 0930 CNY CPI (YoY) (Apr) 

11 May, Wed

• 1630 GBP Manufacturing Production (MoM) (Mar) 
• 2230 USD Crude Oil Inventories 

12 May, Thu

• 1900 GBP Interest Rate Decision (May) 

13 May, Fri

• 1400 EUR German GDP (QoQ) (Q1) 
• 2030 USD Core Retail Sales (MoM) (Apr)  
• 2030 USD PPI (MoM) (Apr) 
• 2030 USD Retail Sales (MoM) (Apr)   

14 May, Sat

• 1330 CNY Industrial Production (YoY) (Apr)   

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) 

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)