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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