Sunday, November 1, 2015

Indices short term support and resistance


Australia
Daily Neutral, Weekly DT
Tested Diff and TL2 for few days and broke down on Thu
Potential resistance around 5,266, 5,316, 5,463, 5,528
Potential support around 5,138, 5,025, 4,950, 4,900

Japan
Daily DT, Weekly UT
Formed outside bar on Fri closing and broke down from range and Diff, tested 19,200 and failed to hold
Potential resistance around 19,092, 19,740, 20,052, 20,619
Potential support around TL6, 18,565, 18,500, 17,890, TL8, 17,800

Hong Kong
DT
Failed to stay above TL3, broke Diff SL on Thu.  Look weak in short term unless can broke and stay above TL3 for 2-3 days
Potential resistance around 23,969, 24,892, 25,571, 26,681
Potential support around 22,409, 21,682, 21,080, 20,011

Hong Kong China H-Shares
Daily DT, Weekly Neutral
Broke hlf on Mon and broke Diff SL on Wed.  Broke and closed below weekly Diff SL.  10,000 (long term trend line, white color) is one of the important potential rebound level.
Potential resistance around 10,711, 11,080, 11,366, TL4, 11,821
Potential support around 10,182, 10,000, 9,658, 9,360, 9,195

UK
Daily Neutral, Weekly DT
Hover within weekly diff and above TL2.
Potential resistance around 6,429, 6,578, 6,809, 6,949
Potential support around 6,297, 6,240, 6,125, 6,070

Germany
Daily Neutral, Weekly UT
Directionless for this week with new Diff formed
Potential resistance around TL2, 10,930, 11,147, 11,532, 11,774
Potential support around 10,653, 10,272, TL1, 9,924, 9,679

India
Daily DT, Weekly Neutral
Tested TL2 and sold down, brokw daily and weekly Diff SL.  Weekly chart formed outside day with -ROC.  Potential rebound at TL5
Potential resistance around 8,085, 8,223, TL2, 8,435, 8,578
Potential support around  7,991, 7,929, TL5, 7,817

Key event to watch out  (SG Time)
02 Nov, Mon

  • 0945 CNY Caixin Manufacturing PMI (Oct)
  • 1655 EUR German Manufacturing PMI (Oct)
  • 1730 GBP Manufacturing PMI (Oct)   
  • 2300 USD ISM Manufacturing PMI (Oct)  
03 Nov, Tue
  • Japan Holiday
  • 1730 GBP Construction PMI (Oct)
04 Nov, Wed
  • 0545 NZD Employment Change (QoQ) (Q3)
  • 0830 AUD Retail Sales (MoM) (Sep)
  • 1730 GBP Services PMI (Oct)  
  • 2115 USD ADP Nonfarm Employment Change (Oct)
  • 2300 USD ISM Non-Manufacturing PMI (Oct)
  • 0830 AUD CPI (QoQ) (Q3)
05 Nov, Thu
  • 2000 GBP Interest Rate Decision (Nov)
  • 2300 CAD Ivey PMI (Oct)
06 Nov, Fri
  • 1730 GBP Manufacturing Production (MoM) (Sep)
  • 2130 USD Nonfarm Payrolls (Oct)
  • 2130 USD Unemployment Rate (Oct) 
  • 2130 CAD Employment Change (Oct)  
07 Nov, Sat
  • 1000 CNY Trade Balance (Oct)

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