Sunday, October 11, 2015

Indices short term support and resistance


Interestingly, all closed with doji.  Time to be caution after running up for 2 weeks

Australia
DT
TL1 become the trend support for retracement.  TL2 will be the resistance
Potential resistance around 5,266, 5,316, 5,440 and 5,463
Potential support around 5,138, 5,025, 4,833 and 4,696

Japan
Daily DT, Weekly UT
After gaped up on Mon and closed near to day high, the rest of the trading days are directionless.  COT buying interest picking up, can monitor more closely when buying interest exceed 70.

Potential resistance around 18,565, 19,092, 19,740 and 20,052
Potential support around 17,890, 17,328, 16,581 and 15,418


Hong Kong
DT
Range bound between 22,409 and 20,011
Broke upper range bound 22,409 but look weak with -roc on last 2 days of trading.
Potential resistance around 23,000, 23,969, 24,892 and 25,571
Potential support around 22,409, 21,682, 21,080 and 20,011

Hong Kong China H-Shares
Daily Neutral, Weekly DT
Broke 10,182 strong resistance but closed with Doji for 2 days.  Immediate important support will be 10,182
Potential resistance around  10,711, 11,080, 11,366 and 11,821
Potential support around 10,182, 9,658, 9,195 and 8,637

UK
DT
Broke pwh and range bound.  Immediate support TL2 and TL4.  Any retracement, need to stay above weekly TL1 for more upside
Potential resistance around 6,429, 6,578, 6,809 and 6,949
Potential support around 6,297, 6,125, 6,070 and 6,010

Germany
Daily DT, Weekly UT
Resisted at TL1 and 10653

Potential resistance around  10,272, 10,653, 10,930 and 11,147
Potential support around 9,924, 9,679, 9,468 and 9,216

India
DT
Gap up on Mon and Tue, trading side way.  TL3 will be the support while TL2 will be the important resistance for more upside
Potential resistance around 8,223, 8,435, 8,578 and 8,705
Potential support around 8,085, 7,991, 7,929 and 7,817

Key event to watch out  (SG Time)
12 Oct, Mon

  • Japan and Canada Holiday
13 Oct, Tue
  • 1112 CNY Trade Balance
  • 1630 GBP CPI (YoY) (Sep)
  • 1700 German ZEW Economic Sentiment (Oct)
14 Oct, Wed
  • 0930 CNY CPI (YoY) (Sep)
  • 1630 GBP Average Earnings Index +Bonus (Aug)
  • 1630 GBP Claimant Count Change (Sep)  
  • 2030 USD Core Retail Sales (MoM) (Sep)
  • 2030 USD PPI (MoM) (Sep) 
  • 2030 USD Retail Sales (MoM) (Sep)
15 Oct, Thu
  • 0830 AUD Employment Change (Sep)
  • 2030 USD Core CPI (MoM) (Sep)
  • 2200 USD Philadelphia Fed Manufacturing Index (Oct)
16 Oct, Fri
  • 0545 NZD CPI (QoQ) (Q3)
  • 1700 CPI (YoY) (Sep)

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