Sunday, February 28, 2016

Indices short term support and resistance


Australia
Daily DT, Weekly DT
After sell down on Tue, became directionless, forming inside day for 3 days and supported by 4,833.  Potential explosive movement may be coming.
Potential resistance around TLU6, TLU4, TLD3, 5,025, TLU3, 5,138, TLD4, TLD5, 5,266
Potential support around  4,833, TLD1, 4,696, 4,601, 4,351

Japan 
Daily DT, Weekly DT
In consolidation mode for 2 weeks.  Trying to break out but not convincing enough.  COT buying interest continue in the extreme region.
Potential resistance around TLU4, 16,581, TLD3, 16,896, 17,328,  17,890
Potential support around TLU5, 15,418, TLD2, 14,366, 13,843, 13,315, 12,411


Hong Kong
Daily DT, Weekly DT 
Back in consolidation range.  If can continue to close above TLD2 for 2-3 days, will see more upside to challenge TLD4
Potential resistance around 20,011, TLD4, TLU2, 21,080, 21,682
Potential support around TLD2, 19,073, TLD1, TLU3, 18,051, 16,648, TLD3, 14,958, 13,819

Hong Kong China H-Shares
Daily DT, Weekly DT 
Similiar to HK, back in consolidation range.  New diff is formed and closed below diff.  -ve sentiment unless can break and close above 8,637 for 2-3 days.
Potential resistance around 8,102, TLD2, 8,637, 9,006, TLD3, 9,195
Potential support around TLU3, TLD1, 6,727, 5,939, 4,990

UK
Daily Neutral, Weekly DT
New diff is created and daily trend from DT to Neutral.  Need to continue to close above TLD2 for support and overcome 6,125 for more upside
Potential resistance around 6,125, 6,297, 6,429, TLU2, 6,578
Potential support around 6,070, TLD1, TLD3, 6,010, TLD2, 5,894, TLU1, 5,768, 5,637

Germany
Daily DT, Weekly DT
A new diff is formed.  Still watching 9,924 level for potential turn to bullish
Potential resistance around 9,679, TLU1, TLU2, 9,924, 10,189, TLD2, 10,653
Potential support around 9,468, 9,216, 8,928, TLD1, 8,758

India
Daily DT, Weekly DT
A new diff is formed.  Resisted at TLD2.  Need to close above TLD2 for 2-3 days for more upside.
Potential resistance around TLD2, 7,216, 7,417, 7,538, TLD3, 7,682
Potential support around 6,887, 6,695, 6,307, TLU1

Key event to watch out  (SG Time)
29 Feb, Mon
  • 1800 EUR CPI (YoY) (Feb) 
  • 2300 USD Pending Home Sales (MoM) (Jan)  
01 Mar, Tue
  • 0900 CNY Manufacturing PMI (Feb) 
  • 0945 CNY Caixin Manufacturing PMI (Feb)   
  • 1130 AUD Interest Rate Decision (Mar) 
  • 1655 EUR German Manufacturing PMI (Feb) 
  • 1655 EUR German Unemployment Change (Feb) 
  • 1730 GBP Manufacturing PMI (Feb) 
  • 2130 CAD GDP (MoM) (Dec) 
  • 2300 USD ISM Manufacturing PMI (Feb)
02 Mar, Wed
  • 0830 AUD GDP (QoQ) (Q4)  
  • 0830 AUD GDP (YoY) (Q4)
  • 1730 GBP Construction PMI (Feb)  
  • 2115 USD ADP Nonfarm Employment Change (Feb) 
  • 2330 USD Crude Oil Inventories 
03 Mar, Thu
  • 1730 GBP Services PMI (Feb) 
  • 2300 USD ISM Non-Manufacturing PMI (Feb) 
04 Mar, Fri
  • 0830 AUD Retail Sales (MoM) (Jan) 
  • 2130 USD Nonfarm Payrolls (Feb)
  • 2130 USD Unemployment Rate (Feb)  
  • 2300 CAD Ivey PMI (Feb)  

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