Global Weekly Technical (Week 23-27 May, 16)

Standard & Poor 500

S&P500Updates & points to watch:

  1. Resistance zone: 2,118-2,131
  2. Immediate support level: 2,040
  3. RSI: 47.53/ Bearish signal
  4. MA50/ MA200: 2,061/ 2,010
  5. Trend: Below MA50 & above MA200, testing support level

Kuala Lumpur Composite Index

KLCIUpdates & points to watch:

  1. Resistance zone: 1,723-1,744
  2. Support zone: 1,623-1,642
  3. MA20, 50 crossover: Bearish signal
  4. MA200: 1,663
  5. RSI: 34.21/ Bearish channel
  6. Trend: Below MA50 & MA200, consolidation mode

Hang Seng Index

HSIUpdates & points to watch:

  1. Resistance level: 21,322
  2. Support level: 19,148-19,640
  3. MA50/ MA200: 20,520/ 21,322
  4. RSI: 39.66/ Bearish mode
  5. Trend: Below MA50 & MA200, testing support

Nikkei 225

NikkeiUpdates & points to watch:

  1. Immediate resistance: 16,879
  2. Support level: 16,388
  3. MA50/ MA200: 16,665/ 17,969
  4. RSI: 48.71/ Slightly bullish
  5. Trend: Consolidation mode

Deutscher Aktienindex

DAXUpdates & points to watch:

  1. Resistance zone: 10,140-10,291
  2. Support level: 9,837
  3. MA50/ MA200: 9,959/ 10,144
  4. RSI: 47.90/ Slightly bullish
  5. Trend: Mild bullish

Gold Futures

GoldUpdates & points to watch:

  1. Resistance level: 1,305
  2. Support level: 1,249
  3. MA50/ MA200: 1,250/ 1,162
  4. RSI: 46.59/ Slightly bullish
  5. Trend: Above MA50 & MA200, uptrend channelling

Crude Oil

CRUDE OILUpdates & points to watch:

  1. Resistance level: 48.52
  2. Support level: 46.58
  3. MA50, MA200 crossover: Bullish signal
  4. RSI: 66.14/ Bullish signal
  5. Trend: Above MA50 & MA200/ testing resistance

USDMYR

USDMYRUpdates & points to watch:

  1. Resistance level: 4.0810
  2. Support level: 4.0335
  3. MA20, MA50 crossover: Bullish signal
  4. MA200: 4.1902
  5. RSI: 64.62/ Bullish signal
  6. Trend: Bullish uptrend, testing resistance

Disclaimer: Recommendation solely based on reliable sources and updates. It neither represents the interest nor the standpoints of any parties.

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