Sunday, November 29, 2015

Indices short term support and resistance


This coming Tue to Fri will have important data, especially on Tue and Fri

Australia
Daily UT, Weekly DT
Tested TLD3 on Mon and retraced with new Diff formed.  ROC is getting larger (-> on clear direction) from Wed to Fri and hover around weekly Diff SL.
Potential resistance around 5,266, TLD3, 5,316, 5,463, 5,528
Potential support around 5,138, TLU2, 5,025, TLD2, TLD1

Japan
Daily UT, Weekly UT
Range bound since last week between 19,740 and 20,052.
Closed below TLU3 and 19,740 for 2-3 days will bring more selling in short term
Potential resistance around 20,052, TLD1, 20,619, 20,900
Potential support around TLU3, 19,740, 19,092, 18,565, 17,890

Hong Kong
Daily UT, Weekly DT
Tested TLD4 but failed to close above for more than 2 days, made a false break out on Thur and broke hlf on Fri to sell down
Potential resistance around TLD2, 22,409, TLD4, 23,540
Potential support around 21,682, 21,080, TLU2, 20,011

Hong Kong China H-Shares
Daily UT, Weekly DT
Tested TLD2 but failed to close above for more than 2 days and broke hlf 2ET on Fri
Potential resistance around  TLD1, TLD2, 10,182, 10,711, TLU1
Potential support around 9,658, TLU2, 9,195, 8,637

UK
Daily UT, Weekly DT
Broke out from Symmetrical triangle and closed above.  If next week can continue to close above TLD2, will see more upside.
Potential resistance around 6,429, 6,489, 6,578, 6,809
Potential support around TLD2, 6,297, TLD1, TLU2, 6,125, 6,070

Germany
Daily UT, Weekly UT
Retraced and broke lhf 2ET on Wed to continue the run.  Need to stay above 11,147 for more upside.
Potential resistance around 11,532, 11,774, 11,994
Potential support around 11,147, 10,930, TLD2, TLU3, 10,653


India
Daily Neutral, Weekly DT
Still in consolidation mode between 7,929 and 7,682.  Need to stay above TLU1 for 2-3 days for upside to continue.
Potential resistance around 7,929, TLU1, 7,991, 8,085, 8,223, TLD1
Potential support around 7,817, TLU2, 7,682, 7,538, 7,417, 7,216

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

  • 2300 USD Pending Home Sales (MoM) (Oct)
01 Dec, Tue
  • 0900 CNY Manufacturing PMI (Nov)
  • 0945 CNY Caixin Manufacturing PMI (Nov)
  • 1130 AUD Interest Rate Decision (Dec)
  • 1655 German Manufacturing PMI (Nov)
  • 1655 German Unemployment Change (Nov)
  • 1730 GBP Manufacturing PMI (Nov) 
  • 2130 CAD GDP (MoM) (Sep)
  • 2300 USD ISM Manufacturing PMI (Nov)  
02 Dec, Wed
  • 0830 AUD GDP (YoY) (Q3) 
  • 0830 AUD GDP (MoM) (Q3) 
  • 1730 GBP Construction PMI (Nov)
  • 1800 EUR CPI (YoY) (Nov)
  • 2150 USD ADP Nonfarm Employment Change (Nov)  
  • 2300 CAD Interest Rate Decision 
03 Dec, Thu
  • 1730 GBP Services PMI (Nov)
  • 2045 EUR Interest Rate Decision (Dec)
  • 2300 USD ISM Non-Manufacturing PMI (Nov)
04 Dec, Fri
  • 0830 AUD Retail Sales (MoM) (Oct) 
  • 2130 USD Nonfarm Payrolls (Nov)
  • 2130 USD Unemployment Rate (Nov)
  • 2130 CAD Employment Change (Nov)
  • 2300 CAD Ivey PMI (Nov)

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