Asia Pacific indices

Australia 200 continues to hold above a Fibonacci support cluster near 5,275. RSI near 50 suggests sideways momentum intact and range bound trading continues between there and 5.385 with next resistance after that near 5,440.

Japan 225 is breaking out today, clearing 17,200 for the index and 50 on the RSI to signal the start of a new upswing within a broader 16,500 to 18,100 trading channel. Next potential upside resistance near 17,560.

HongKong 43 remains in an upswing, bouncing up off a higher low near 23,560 while RSI has held 50 to keep broader upward momentum intact. Back above the 24,000 round number, next potential resistance appears near 24,450 then 24.650.

North American Indices

US30 failed to regain 17,600 resistance and has been falling toward the bottom of a 17,265 to 17,900 trading channel with next support near 17,000. RSI under 50 and falling suggests momentum turning increasingly downward.

SPX500 faltered short of 2,030 resistance underway again and has dropped back as it continues to form an H&S top above 1,970 with initial support near 1,990. RSI under 50 and setting another lower high indicates downward momentum growing.

NDAQ100 is bouncing around between 4,100 and 4,190 today between two Fibonacci levels with next downside support near 4,050. RSI holding 40 and rising toward 50 suggests momentum flirting between sideways and downward.

UK and European indices

UK 100 continue to bounce back, clearing 6,600 and testing 6,660 with next resistance near 6,775. RSI back above 50 suggests upward momentum picking up.

Germany 30 keeps trying to clear 10,300 and failing, while RSI levelling off suggests that the recent uptrend has run out of gas and a consolidation phase appears to be getting underway. Initial support near 10,190 then the 10,090 breakout point.

Commodities

Gold remains under accumulation, briefly peeking above $1,288 Fibonacci resistance with the $1,300 round number coming into view. RSI getting overbought suggests it may need to pause for a rest at some point. Support in place near $1.275.

Crude Oil WTI is dropping back today but essentially continues to trade back and forth in a channel between $45.00 and $50.00 as it works off a very oversold RSI condition, although its longer term bear trend remains intact.

FX

NZDUSD is under pressure again, falling toward the bottom of its $0.8600 to $0.7900 trading channel. RSI bouncing around 50 suggests neutral momentum intact for now but further weakness could signal the start of another downturn.

AUDUSD has dropped back toward the middle of a $0.8000 to $0.8300 trading channel. RSI failing near 50 suggests broader downward momentum intact and a retest of the previous low near $0.8025 possible.

USDJPY is on the rebound, climbing back above 117,85 a Fibonacci level, while RSI breaking out of a downtrend and retaking 50 signals an upturn in momentum. Next potential resistance near 119.80 and the 120.00 round number.

EURJPY continues to rebound as it tries to ease oversold RSI conditions. Back above 137.00 from 135.00 next potential resistance appears near 137.90 then the 10-day average near 138.40.

CADJPY tried to break out over 99.00 but failed and has dropped back, remaining in a trading channel between there and 96.80 support which coincides with the 200-day average. RSI