Saturday, March 26, 2016

Indices short term support and resistance


Australia
Daily UT, Weekly DT
New weekly Diff is formed.  The week closed below daily and weekly diff.  TLD4 continue to be an important support for retracement. 
Potential resistance around TLD5, 5,138, TLU3, 5,266, 5,316, TLU2, 5,463
Potential support around TLD4, 5,025, TLD3, TLU6, TLU4, 4,833, TLD1, 4,696

Japan 
Daily DT, Weekly DT
In consolidation between 17,328 and TLU4.  COY buying interest drop below 70.
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 UT, Weekly DT 
New daily and weekly diff are formed.  TLU4 was broken, if unable to recover, may see testing TLD4.
Potential resistance around TLU4, TLU2, 21,080, 21,682, TLD5, 22,409 
Potential support around 20,011, TLD4, 19,073, TLD2, TLD1, TLU3, 18,051

Hong Kong China H-Shares
Daily UT, Weekly DT 
TLU4 will be the important support to watch retracement.
Potential resistance around 8,637, TLD3, 9,006, 9,195, TLU2, 9,658, TLD4, 10,182
Potential support around  TLU4, TLD2, 8,102, TLU3, TLD1, 6,727

UK
Daily UT, Weekly DT
Consolidating for 4 weeks.  If can close above consolidating range for 2-3 days will see more upside while below will see more downside.
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 Neutral, Weekly DT
Consolidating, if break above TLD2 for 2-3 days may see some upside.
Potential resistance around TLU1, TLU2, 9,924, 10,189, TLD2, 10,653, 10,930
Potential support around  9,679, 9,468, 9,216, 8,928

India
Daily UT, Weekly DT
New diff is formed.  After broke out from consolidating on Mon become directionless, forming Doji for the rest of the day.  Next strong resistance level will be upper bound of Down trend channel 
Potential resistance around 7,682, 7,817, 7,929, TLU2, 7,991
Potential support around 7,538, TLD3, 7,417, 7,216, TLD2, 6,887, 6,695

Key event to watch out  (SG Time)
28 Mar, Mon
  • Germany, Hong Kong, Australia, UK holiday
  • 2200 USD Pending Home Sales (MoM) (Feb) 
29 Mar, Tue
  • 2200 USD CB Consumer Confidence (Mar)
  • 2330 USD Fed Chair Yellen Speaks 
30 Mar, Wed
  • 2015 USD ADP Nonfarm Employment Change (Mar) 
  • 2230 USD Crude Oil Inventories 
31 Mar, Thu
  • 1500 GBP BoE Gov Carney Speaks
  • 1555 EUR German Unemployment Change (Mar) 
  • 1630 GBP GDP (QoQ) (Q4) 
  • 1630 GBP GDP (YoY) (Q4) 
  • 1700 EUR CPI (YoY) (Mar) 
  • 2030 CAD GDP (MoM) (Jan) 
01 Apr, Fri
  • India holiday
  • 0750 JPY Tankan Large Manufacturers Index (Q1) 
  • 0750 JPY Tankan Large Non-Manufacturers Index (Q1) 
  • 0900 CNY Manufacturing PMI (Mar) 
  • 0945 CNY Caixin Manufacturing PMI (Mar)  
  • 1630 GBP Manufacturing PMI (Mar)    
  • 2030 USD Nonfarm Payrolls (Mar) 
  • 2030 USD Unemployment Rate (Mar) 
  • 2200 USD ISM Manufacturing PMI (Mar) 

No comments:

Post a Comment