Saturday, October 17, 2015

Indices short term support and resistance


Next week will have little economic data, most likely markets will be move by corporate earning.

Australia
DT
Fri closed with a doji around diff RL level.  TL1 become the trend support for retracement.  TL2 will be the resistance 

Potential resistance around  5,316, 5,440, 5,463 and 5,528
Potential support around 5,266, 5,138, 5,025 and 4,833

Japan
Daily DT, Weekly UT
Broke Diff SL and recovered back to the "directionless" range.  If can break out from Diff and stay above Diff for 2-3 days, potential for more upside
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
Testing upper range for few days and broke lhf on Thu.  Now is back at the lower UT channel.  Need to stay in the channel for 2-3 days for more upside.
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
DT
Similar to Hong Kong.  Currently resisted by long term trend line (white color).  Immediate 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
A new diff is formed and closed with doji. Diff and TL2 will be used to gauge for strength. Need to continue to stay above TL2 for 2-3 days 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
A new diff is formed. Resisted at TL1 and 10,653

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
Daily DT, Weekly Neutral
Broke out from the sideway, need to stay above the sideway range 2-3 days for more upside.  Resistance at TL2
Potential resistance around 8,435, 8,578, 8,705 and 8,836
Potential support around 8,223, 8,085, 7,991 and 7,929

Key event to watch out  (SG Time)

19 Oct, Mon

  • 1000 CNY GDP (YoY) (Q3)
  • 1000 CNY GDP (QoQ) (Q3)
  • 1000 CNY Industrial Production (YoY) (Sep)  
20 Oct, Tue
  • 2030 USD Building Permits (Sep)
21 Oct, Wed
Hong Kong Holiday

  • 0545 NZD Employment Change (QoQ) (Q3)  
  • 2200 CAD Interest Rate Decision
22 Oct, Thu
  • 1630 GBP Retail Sales (MoM) (Sep)
  • 1945 EUR Interest Rate Decision (Oct)
  • 2030 CAD Core Retail Sales (MoM) (Aug) 
  • 2200 USD Existing Home Sales (Sep)
23 Oct, Fri
  • 0945 CNY Caixin Manufacturing PMI (Oct)
  • 1530 EUR German Manufacturing PMI (Oct)
  • 2030 CAD Core CPI (MoM) (Sep)  

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