V3Go Outlook for Regional Stock Markets: Stay Caution on the Upside
Good Afternoon,
NIKKEI futures, cannot go below 10565 today. If yes, there could be some selling towards the 10350-10380s level. There is an artificial resistance at around 10590 level.
STI, the potential trading range based on V3Go TSC channel is between 2862 ~ 2830. From the momentum of the current trend, its very clear that the Index is trying to cover the ‘gap’ at 2850. But some of the blue chips counters are showing signs of resistance for the upside thus I am getting a little worried for the retails who are gaining good profits from trading the 2nd/3rd liners stocks.
Hang Seng Future, there is an artificial resistance around 21243 area therefore this could act as the resistance for this index. I am looking at this Index to retrace back to around 20600~20650 level in the near term shall it fail to go up.
Shanghai Index, I am looking at the Index to re test back 3023 soon.
Crude Oil have an artificial resistance at 82.07 while supported at 80.21. Last night, it brieftly touched it (DL 80.16) and rebound to 81.38. It may re test 81.75 again or 78.84 between this 2days. Traders must pay attention on this 2 levels.
Have a great weekend.
Disclaimer apply as usual
Kelvin Han
Chief Trainer
Originator of the V3Go System
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