Hang Seng Ends Up Solid Supported Leading Positive Performance Shares
At the end of trading on the Hong Kong stock exchange Thursday benchmark index closed with solid gains. The positive sentiment in the stock market seemed quite strong and bring the index back hangs zinc ended higher for the third time in the past four sessions. Zinc hangs index ending in negative territory.
Technically, the index on the trading session today, Friday (10/10) likely to weaken, test negative trends, the impact of Wall Street. On the bearish engulfing formation M15 chart gives an opportunity for the index to move downside. However, the volume is likely to increase, an early indication of a bullish index. In addition, RSI, on the M15 chart, are oversold, signaling upside.
It is estimated, the index tested the first support level of 23060 and 23000. If it fails at 23 115, then the next index is expected to tend to retest the resistance level of 23150 and continued up to the possibility of being in the 23200 area.
Sterling Moves Higher Ahead of BoE Policy Results
In foreign exchange trading on Thursday sterling currency has traded higher level menunju 1-week high against the dollar, while the greenback demand began to weaken after the release of the Fed Minute, and also investors fokusmenunggu results of the latest European Central Bank policy which will be announced on Thursday .
Technically, on this day of trading session on Friday (10/10), pound dollar pair likely to move in a positive trend.
A stronger pound primarily expected soon reexamine the minimum resistance at 1.6150 and 1.6200 maximum. Meanwhile, if the pound was able to break and hold below 1.6128 then another alternative scenario that is likely to test support pounds are there in the area of 1.6100 and 1.6050.
Golden moment Weakens In early Asia
In early Friday trading commodity exchanges, gold observed slightly lower in Asia as market participants observe the prospect of Fed interest rate hikes in the coming year.
Technically, gold at today’s trading session Friday (10/10) potentially bearish trend test negative again, but prone to reversal. The RSI indicator tends to re-test support channel and towards the oversold area, but Bollinger Bands which began to widen, thus giving impetus to gold to the upside.
It is estimated that the price of gold immediately prior to test support at least in the area and re-test 1215.10 maximum 1210.50 level. However, if the price of gold is able to break and hold above 1221.10 then estimated the price of gold has the potential to test the 1225.50 and 1230.00 Resistance.
