Sunday, November 15, 2015

Indices short term support and resistance


Markets had pulled back this week,  I will wait for long opportunity when support is tested especially trend line support and break lhf

Australia
Daily Neutral, Weekly DT
New Diff formed and broke down from new diff on Fri.
Potential resistance around 5,025, TLU2, 5,138, 5,266, 5,316
Potential support around TLD2, TLD1, 4,833, 4,696, 4,601

Japan
Daily UT, Weekly UT
New Diff formed and broke down from new diff on Fri.
Potential resistance around 19,740, 20,052, TLD1, 20,619
Potential support around 19,092, TLU3, 18,565, 17,890

Hong Kong
Daily UT, Weekly DT
New Diff formed and tested TLD2 but failed to hold.
Potential resistance around 22,409, TLD2, TLD4, 23,540, 23,969
Potential support around 21,682, 21,080, TLU2, 20,011

Hong Kong China H-Shares
Daily UT, Weekly Neutral
Testing TLD2 but failed to close above.  Fri almost testing TLD1 (long term support trend line).  If can hold above for 2-3 days, may see some upside.
Potential resistance around 10,182, TLD2, 10,711, TLU1, 11,080
Potential support around TLD1, 9,658, TLU2, 9,195, 8,637

UK
Daily UT, Weekly DT
Broke hlf 2ET and consolidating range on Thu.
Potential resistance around 6,125, TLD1, 6,297, TLD2, 6,429
Potential support around 6,070, TLU2, 6,010, 5,894

Germany
Daily UT, Weekly UT
Failed to overcome TLD2 and broke down from Diff SL on Thu.
Potential resistance around 10,930, TLD2, 11,147, 11,532, 11,774
Potential support around 10,653, TLU2, TLD1, 9,924

India
Daily Neutral, Weekly DT
Failed to rebound from TLU1, seem like may going to test DT upper channel
Potential resistance around 7,817, 7,929, TLU1, 7,991
Potential support around 7,682, 7,538, 7,417, 7,216

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

  • 1800 EUR CPI (YoY) (Oct) 
  • 1815 ECB President Draghi Speaks 
17 Nov, Tue
  • 0830 AUD Monetary Policy Meeting Minutes
  • 1730 GBP CPI (YoY) (Oct)
  • 1800 German ZEW Economic Sentiment (Nov)
  • 2130 USD Core CPI (MoM) (Oct)
18 Nov, Wed
  • 2130 USD Building Permits (Oct) 
19 Nov, Thu
  • 0300 FOMC Meeting Minutes 
  • 1430 JPY BoJ Press Conference
  • 1730 GBP Retail Sales (MoM) (Oct)
  • 2130 USD Philadelphia Fed Manufacturing Index (Nov)
20 Nov, Fri
  • 1600 ECB President Draghi Speaks
  • 2130 CAD Core CPI (MoM) (Oct)
  • 2130 CAD Core Retail Sales (MoM) (Sep)  

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