Sunday, July 26, 2015

Indices short term support and resistance


Australia
Neutral
Sell down last 4 days, tested the trend line support and closed above it.  If next week break this week low, channel support may be tested again
Took all profit on wed when broke Diff SL
Potential resistance around 5,617, 5,735 and 5,845
Potential support around 5,528, 5,463 and 5,381

Japan
UT
Tested trend line resistance but failed to stay above it.  Outside day on Tue, new diff created and closed below Diff on Fri.
Potential resistance around 20,619, 20,900, 22,500^ and 23,900^
Potential support around  20,052, 19,740 and 19,092
^Est figure using chart provided by Yahoo finance

Hong Kong
Daily DT, Weekly UT 
Tested trend resistance (25,571) and failed to stay above, closed below Diff. 
Potential resistance around 25,571, 26,681 and 27,262
Potential support around 24,892, 23,969, 22,745 and 22,409

Hong Kong China H-Shares
Daily DT, Weekly UT.
In weekly chart, continue to form inside day for 2 consecutive weeks, potential big movement coming.  If next week break this week low
, expect to test recent low (previous 2 week low).
Potential resistance around 11,821, 12,404, 13,021 and 13,595
Potential support around  11,366, 11,080 and 10,450

UK
Daily DT, Weekly Neutral.
Formed a outside day on weekly chart, expect weakness. Broke one of the trend line resistance on Mon and tested another trend line support on Wed and Thu, broke down on Fri.  New Diff is also formed.
Potential resistance around , 6,578, 6,693, 6,809 and 6,949
Potential support around 6,497, 6,429 and 6,297

Germany
UT
Broke down and closed below Diff.  Currently supported by weekly Diff RL.  Failing to close above weekly Diff and trend lie support, may escalate down further to cover the gap between 9 -10 Jul
Potential resistance around 11,532, 11,774, 11,994 and 12,238
Potential support around  11,291, 11,147, 10,930 and 10,653

India
UT
Formed outside day on Wed and a new diff is formed on Thu.  Fri closed within Diff and above trend line supported. 
Potential resistance around 8,643, 8,705, 8,836 and 9,006
Potential support around 8,483, 8,435 and 8,223


Singapore (Cash)
Daily DT, Weekly Neutral
STI gap up on Mon but failed to close above the strong resistance (3,360).  On the positive side it still stay above the trend line support.  STI next strong resistance remained at 3,458 while potential support will be 3,298

Key event to watch out  (SG Time)
27 Jul, Mon

  • 1600 German Ifo Business Climate Index (Jul) 
  • 2030 Core Durable Goods Orders (MoM) (Jun)
28 Jul, Tue
  • 1630 GBP GDP (QoQ) & (YoY) (Q2)
  • 2200 US CB Consumer Confidence (Jul)  
29 Jul, Wed
  • 2200 USD Pending Home Sales (MoM) (Jun)   
30 Jul, Thu
  • 0200 FOMC Statement   
  • 0200 Fed Interest Rate Decision
  • 1555 German Unemployment Change (Jul)
  • 2030 USD GDP (QoQ) (Q2) 
31 Jul, Fri
  • 1700 EUR CPI (YoY) (Jul)
  • 1900 RUB Interest Rate Decision (Aug) 
  • 2030 CAD GDP (MoM) (May) 
01 Aug, Sat
  • 0900 CNY Manufacturing PMI (Jul)

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