Most of the indices are trading inside day of Mon after the gaped down (29 Jun).
Some of the indices had tested the channel support or trend line support worth to monitor.
Australia
Daily DT, Weekly Neutral. Peak at mid of Mar.
Gap down on Mon, tested channel support on Mon and Tue. Resisted by trend line. I may start to build up long pos when break lhf
Potential resistance around 5,617, 5,705, 5,735 and 5,845
Potential support around 5,528, 5,463 and 5,400
Japan
UT. Peak at end of May.
Gap down on Mon, new diff formed and trade above Diff
Potential resistance around 20619, 20,900, 22,500^ and 23,900^
Potential support around 20,052, 19,883 and 19740
^Est figure using chart provided by Yahoo finance
Hong Kong
UT. Peak at end of Apr.
Sell down on Mon, for the rest trading days of the week move within
Mon range. Yet to cover the 2-8 Apr gap. Current supported by 2 trend lines.
Potential resistance around 26,681, 27,262, 27,496 and 27,806
Potential support around 25,936, 25,571 and 25,193
Hong Kong China H-Shares
Daily DT, Weekly UT. Peak at end of May.
Sell down on Mon and covered 2-8 Apr gap, for the rest trading days of the week move within Mon range.
Potential resistance around 13,021, 13,595 and 14,047
Potential support around 12,404, 11,821 and 11,366
UK
Daily DT, Weekly Neutral. Peak at mid of Apr.
Gap down on Mon, new diff formed and trade within Mon range
Potential resistance around 6,661, 6,809 and 6,949
Potential support around 6,578, 6,429, 6,297 and 6,125
Germany
Daily DT, Weekly UT. Peak at mid of Apr.
Gap down on Mon and trade within Mon range
Potential resistance around 11,363, 11,589 and 11,774
Potential support around 10,930, 10,653 and 10,272
Singapore
Daily DT, Weekly UT. Peak at mid of Apr.
Gap down on Mon, tested trend line support and trade higher.
Resisted around 3,355 level. I may start to build up long positions when break lhf
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.
Gap down on Mon and closed above DT Channel resistance on Wed onwards
DT Channel resistance will be the support if changing to UT
Potential resistance around 8,435, 8,578 and 8,705
Potential support around 8,435, 8,323 and 8,223
Most Europe markets are taking a breather this week. Asia markets closed mixed while US had little movement. Most markets gaped down on Mon after Greece failed to pay IMF. The rest of the trading days are inside day bar of Mon => indecisive.
COT will be available on Tue, July 7, 2015 (SG Time) because of the Federal Holiday celebrated on July 3, 2015 (US TIme). COT information will be available on the blog either on Wed or Thu morning
US Indices open gaped down and closed with a doji (except for Russell) in weekly chart, this show the markets are indecisive which direction while waiting for Greece outcome. Dow and S&P tested May low and closed above it.
I will be watching US corporate earning reporting trade small till there is clearer signal (for eg break pwh or pwl)
DOW
Daily DT, Weekly UT
Potential resistance around 17,839, 17,971 and 18,074
Potential support around 17,704, 17,574, 17,356 and 17,149
S&P
Daily DT, Weekly UT
Potential resistance around 2,080, 2,100 and 21,31
Potential support around 2,062, 2,038, 2,020 and 2,008
Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,430, 4,512 and 4,537
Potential support around 4,376, 4,332 and 4,271
Russell
Daily DT, Weekly UT
Potential resistance around 1,261, 1,278 and 1,296
Potential support around 1,240, 1,233 and 1,213
Tuned Result (G3)
Test Result (T2)
This is another set of test T2 result (No tuning).
Dollar Index rallied on Tue after testing support 93.3 and had little movement on next 3 days. The current support is around 95.3. On weekly chart, Dollar Index broke LHF and it may move to test trend line resistance
USD Impact currencies/Gold/Crude(wow)
Weekly chart with 50 SMA
BDI closed at 823 on 26 Jun, up from 779 (19 Jun)
Summary
Grains, Coffee and sugar closed higher this week. Wheat and corn closed higher around 10% this week. Most metals and energy closed lower.
COT
Instruments that show buying interest by Producer/Merchant/Processor/User
Down Trend
- Coffee Arabica (1)
- Sugar
- Orange Juice
- Copper
- Silver
- Palladium (1)
- Platinum
Neutral
- Corn (From DT to Neutral)
- Cotton
- Up Trend
- Soybean Oil
Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
Neutral
Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) No COT data available
Down Trend and Up Trend is based on 50 Simple Moving Average
Australia
Daily DT, Weekly UT
Gap up and broke trend line resistance but failed to close above trend line resistance. Supported by another trend line. Overall look weak.
Potential resistance around 5,617, 5,705, 5,735 and 5,845
Potential support around 5,528, 5,463 and 5,400
Japan
UT. Created new recent high on Tue with new Diff. It also broke lhf in weekly chart.
Potential resistance around 20,900, 22,500^, 23,900^ and 25,000^
Potential support around 20,702, 20,402, 20,114 and 19,883
^Est figure using chart provided by Yahoo finance
Hong Kong
UT. In weekly chart, broke lhf but closed below pwh and -ROC
Waiting to cover the gap between 2 and 8 Apr
Potential resistance around 27,262, 27,496 and 27,806
Potential support around 26,679, 25,571 and 25,193
Hong Kong China H-Shares
Daily DT, Weekly UT.
Waiting to 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
Daily DT, Weekly Neutral.
Potential resistance around 6,809, 6,949 and 7,047
Potential support around 6,661, 6,578 and 6,429
Germany
Daily DT, Weekly UT
Gap up, broke pwh but resisted by trend line
Potential resistance around 11,589, 11,774 and 11,893
Potential support around 11,363, 10,930 and 10,653
Singapore
Daily DT, Weekly UT
Broke pwh but closed with -ROC. Resisted around 3,355 level
Potential resistance around 3,355 and 3,405
Potential support around 3,301, 3,263 and 3,216
India
Daily DT, Weekly UT
Tested upper trend channel and closed around the level.
May monitor to enter on retracement when break lhf
Potential resistance around 8,435 and 8,578
Potential support around 8,223, 7,929 and 7,817
