Sunday, March 13, 2016

Indices short term support and resistance


Australia
Daily DT, Weekly DT
A new diff is formed and closed above Diff.  TLD4 is an important support for any retracement.
Potential resistance around 5,266, 5,316, TLU2, 5,463, 5,528
Potential support around TLU3, TLD5, 5,138, TLD4, 5,025, TLD3, TLU6, TLU4, 4,833

Japan 
Daily DT, Weekly DT
Resisted by daily Diff but closed above weekly Diff.   If can continue to close above weekly Diff will see more upside.  Any pull back, TLD3 will be an important support.  COT buying interest remain at extreme region  
Potential resistance around 17,328, 17,890, 18,565, TLU2, 19,092
Potential support around  16,896, 16,581, TLU4, TLD3, TLU5, 15,418, 14,366

Hong Kong
Daily DT, Weekly DT 
A new diff is formed and consolidating around diff range.  Closed the week with a outside day.  Next week, closing above Diff may see upside momentum while closing below Diff may see testing 19,073
Potential resistance around TLU2, 21,080, 21,682, TLD5, 22,409 
Potential support around 20,011, TLD4, 19,073, TLD2, TLD1, TLU3, 18,051, 16,648

Hong Kong China H-Shares
Daily DT, Weekly DT 
Consolidating and supported by TLD2.  Closing below TLD2, may see testing 8,102 and TLU3.  If can close TLD3 for 2-3 day, may see more upside momentum 
Potential resistance around TLD3, 9,006, 9,195, TLU2, 9,658, TLD4, 10,182
Potential support around 8,637, TLD2, 8,102, TLU3, TLD1, 6,727

UK
Daily DT, Weekly DT
Consolidating around diff range, unable to break even Thur formed an outside day.  Need to break and close above Diff for more upside. 
Potential resistance around  6,297, 6,429, TLU2, 6,578, 6,809
Potential support around 6,125, 6,070, TLD1, 6,010, TLD3, TLD2, 5,894

Germany
Daily DT, Weekly DT
Consolidating with outside day on Thur, pierced thru Taos SL and rebounded.  Fri closed with inside day.  Potential bullish if can close above 9,924 for 2-3 days.
Potential resistance around TLU1, 9,924, 10,189, TLD2, 10,653, 10,930
Potential support around TLU2, 9,679, 9,468, 9,216, 8,928, TLD1, 8,758

India
Daily DT, Weekly DT
New diff is formed and hovered around TLD3.  Weekly chart closed with doji.  If close below TLD3, may see short term weakness.
Potential resistance around 7,538, 7,682, 7,817, 7,929, TLU2, 7,991
Potential support around TLD3, 7,417, 7,216, TLD2, 6,887, 6,695

Key event to watch out  (SG Time)
14 Mar, Mon
  • No important data 
15 Mar, Tue
  • 0300 NZD RBNZ Gov Wheeler Speaks
  • 0300 NZD Monetary Policy Meeting Minutes
  • Tentative JPY Interest Rate Decision 
  • 1430 JPY BoJ Press Conference     
  • 2030 USD Core Retail Sales (MoM) (Feb)   
  • 2030 USD PPI (MoM) (Feb) 
  • 2030 USD Retail Sales (MoM) (Feb)   
16 Mar, Wed
  • 1730 GBP Average Earnings Index +Bonus (Jan) 
  • 1730 GBP Claimant Count Change (Feb)  
  • 2030 GBP Annual Budget Release     
  • 2030 USD Building Permits (Feb)  
  • 2030 USD Core CPI (MoM) (Feb) 
  • 2230 USD Crude Oil Inventories 
17 Mar, Thu
  • 0200 USD FOMC Economic Projections 
  • 0200 USD FOMC Statement   
  • 0200 USD Fed Interest Rate Decision 
  • 0200 USD Fed Chair Yellen Speaks   
  • 0545 NZD GDP (QoQ) (Q4) 
  • 0830 AUD Employment Change (Feb)
  • 1630 CHF Interest Rate Decision   
  • 1800 EUR CPI (YoY) (Feb) 
  • 2000 GBP Interest Rate Decision (Mar) 
  • 2030 USD Philadelphia Fed Manufacturing Index (Mar)  
18 Mar, Fri
  • 2030 CAD Core CPI (MoM) (Feb) 
  • 2030 CAD Core Retail Sales (MoM) (Jan) 

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