Asia Pacific indices

Australia 200 is still struggling with resistance near the top of its 5,785 to 6,000 trading channel. RSI holding 50 indicates upward momentum intact with support rising toward 5,930. A breakout would signal a new upleg with initial measured resistance near 6,200. Failure would establish a triple top.

Japan 225 is breaking out today, clearing 17,800 to signal the start of a new upleg that could challenge the 20,000 round number initially followed by a measured 20,600. RSI indicates upward momentum increasing once again.

HongKong 43 has exploded to the upside blasting though 25,300 and carrying through the 26,000 level approaching 27,000 before falling back a bit. RSI way overbought so it could be all over the place today. Initial Fibonacci support near 26,150 then 25,885 in a correction.

India 50 has cleared 8,700 to indicate the start of a new upleg in its recovery trend with RSI above 50 and rising confirming momentum has turned increasingly upward once again. Next resistance possible near the 8,805 Fibonacci level then the 9,000 round number while support combs toward 8,690.

Singapore 30 has levelled off near 3,465 to consolidate recent gains and try to figure out if it is ready to take a run  at 3,500 or drop back to retest 3,455 initially.

North American Indices

US30 continues to struggle with 18,000 resistance with more possible near 18,300. Currently sitting on 17,900 and trading in a 17,860 to 17,920 range with initial support and resistance near 17,880 and 17,910.

SPX500 is sitting on its 50-day average near 2,080 with upside resistance in place near 2,095 then 2,120. Support remains in place near 2,070 then 2,050.

NDAQ100 has been steadily climbing through the day up off of 4,345 support toward 4,380 and the middle of its 4,300 to 4,500 trading channel.

UK and European indices

UK 100 continues to advance driving to test  the 7,000 round number once again  with next resistance after that at the previous high near 7,060. Support moves up toward 6,925.

Germany 30 dropped back from a lower high near 12,130 short of 12,215 resistance, but remains in an ascending consolidation triangle within a broader uptrend for now. RSI drifting down from 70 however, indicates upward momentum weakening.

Commodities

Gold has drifted back toward $1,200 from $1,212 as a recent rally levels off for now. It continues to form a reverse head and shoulders base below $1,220 neckline resistance and above $1,190 shoulder support.

Crude Oil WTI is getting knocked back down again falling from near $52.50 back toward $50.00, trading more recently in the $49.50 to $50.30 range. It is retesting the breakout point from a cup with handle base; an uptrend of higher lows remains intact for now. Next support on a downturn near $48.50.

FX

NZDUSD has established support at a higher low near $0.7500 while RSI holding 50 confirms upward momentum intact. Trading back up near $0.7560, next potential resistance appears near $0.7600 then $0.7700.

AUDUSD is climbing up out of a double bottom near $0.7550 currently trading just below $0.7700 with next potential resistance near $0.7830. RSI rising to test 50 indicates an upturn in momentum pending.

USDJPY is holding steady near 120.00 within a 118.00 to 122.00 sideways trading channel. Initial support near 118.75 with initial resistance near 120.50.

EURJPY is testing trend support near 129.50 having already rolled down from a double top near 131.40. RSI still under 50 confirms longer downtrend intact. Next potential support near 128.60 then 126.90.