Indices short term support and resistance

Australia

Daily UT, Weekly DT

Trying to break out of Diff but failed and back to trading within Diff.

Potential resistance around TLU3, 5,463, 5,528, 5,617

Potential support around 5,316, 5,266, TLU6, 5,138, 5,025, TLD5, TLU4, TLD4, 4,833

Japan 

Daily Neutral, Weekly DT

Broke out on Tue, resisted by TLU4 and trade directionless

Potential resistance around  16,581, TLU4, 16,896, 17,328, TLD6, 17,890

Potential support around  TLU5, TLU6, TLD4, 15,418, 14,795

Hong Kong

Daily UT, Weekly DT 

A new diff is formed, consolidated within Diff, broke down 20,011 and Diff.  TLU3 may be tested again.  If TLU3 fail to hold, may test current year low at 18,051

Potential resistance around 20,011, TLU2, TLD5, 21,080, TLU4, 21,682, 22,409

Potential support around  19,073, TLU3, TLD4, 18,051, TLD1,  16,648

Hong Kong China H-Shares

Daily UT, Weekly DT 

Broke down from new diff formed, TLU3 may be tested.  Similar to HK, if TLU3 fail to hold, current year low may be tested.

Potential resistance around 8,637, 9,006, TLD5, TLU4, 9,195, TLU2, TLD4, 9,658

Potential support around 8,102, TLD3, TLU3, 7,479, TLD2, 6,727

UK

Daily Neutral, Weekly DT

Back to consolidating range between 6,070 and 6,237.  If break down from consolidation, may see testing TLU3 again.

Potential resistance around 6,125, 6,297, 6,429, 6,578, TLU2, 6,809

Potential support around 6,070, 6,010, TLD1, TLU3, 5,894, 5,768

Germany

Daily UT, Weekly DT

Broke down from TLU3, if unable to recover, may see testing 9,468 (Apr low)

Potential resistance around TLD2, 9,924, TLU3, TLU1, 10,189, 10,653

Potential support around 9,679, 9,468, 9,216, 8,928

India

Daily UT, Weekly DT

Consolidating and hover along down trend upper channel.

Potential resistance around 7,817, 7,929, 7,991, 8,085, TLU2, 8,223

Potential support around 7,682, 7,538, 7,417, 7,216, TLD2, 6,887

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

• Germany and Switzerland holiday
• No important data   

17 May, Tue

• 0930 AUD RBA Meeting's Minutes
• 1630 GBP CPI (YoY) (Apr) 
• 2030 USD Building Permits (Apr) 
• 2030 USD Core CPI (MoM) (Apr) 

18 May, Wed

• 0750 JPY GDP (QoQ) (Q1) 
• 1630 GBP Average Earnings Index +Bonus (Mar)  
• 1700 EUR CPI (YoY) (Apr)  
• 2230 USD Crude Oil Inventories 

19 May, Thu

• 0200 USD FOMC Minutes
• 0930 AUD Employment Change (Apr) 
• 1630 GBP Retail Sales (MoM) (Apr)  
• 2030 USD Philadelphia Fed Manufacturing Index (May)  

20 May, Fri

• 2030 CAD Core CPI (MoM) (Apr) 
• 2030 CAD Core Retail Sales (MoM) (Mar)    
• 2200 USD Existing Home Sales (Apr)