Hang Seng Index Closed Negative
At the close of trading yesterday, the Hang Seng index in Hong Kong Stock Exchange closed negative, down -49.53 points or -0.22% at 22352.17. The weakening of the Hang Seng Index depressed earnings release third-quarter results of listed companies are less encouraging.
As for the stocks into the Hang Seng index is weighted stock Tingyi Cayman Islands Holding Corp which fell -3.78%, CNOOC Ltd. fell -1.98%, shares of China Petroleum & Chemical Corp. fell -1.88%, China stocks Shenhua Energy Co Ltd fell -1.70%, stock Wharf Holdings Ltd. / The down -1.68%.
While the Hang Seng index futures movement also experienced a negative result, down by -60 points, or -0.27% at 22 312 from the closing position at the end of the previous stock exchange trading on 22 372 positions.
Technically, the index on the trading session today, Wednesday (12/11) likely to strengthen, test positive trend. At the M15 chart bullish hammer formation to provide opportunities for the index to move upside. However, the volume tends to increase, as well as an early indication of bullish index. In addition, RSI, the M15 chart, was oversold, signaling upside.
It is estimated, the index test the first resistance level of 22425 and 22510. If it fails at 22359, then the next index is expected to tend to retest the support level of 22300 and continued up to the possibility of being in the 22220 area.
X 
Euro Potentially Weakens If Draghi Back Dovish
Euro still looks to strengthen until mid European session, but the next move is determined by comments from European Central Bank President, Mario Draghi. Moreover, before the four members of the ECB council said the consensus if the ECB will lower interest rates on deposits in December.
Draghi is scheduled to speak in London in the Open Forum Bank of England at 20:15 GMT. In monetary meeting on 22 October, Draghi said the central bank’s policy needs to be “revisited” in December, and the board of governors is said to be ready to use the kinds of instruments that have been mandated.
Dovish comments from European central bank officials are believed to be motivated by the previous euro exchange rate had strengthened. However, since these statements mengelurkan Draghi, the euro continued to decline to near seven-month low. If Draghi reiterated readiness for monetary easing, the euro is likely to continue weakening.
Technically, today’s trading session on Thursday (12/11), the pair Euro-dollar likely to move in a positive trend.
The strengthening Euro is mainly expected to immediately re-examine the minimal resistance at 1.0810 and maximum 1.0860. Meanwhile, if the Euro unable to break and stays below 1.0763 then the other alternative scenario that Euro likely to test support in 1.0730 area and 1.0680.
Gold Still Depressed
Gold prices continue weakening at the close of trading yesterday, failed to capitalize on the weakening US dollar, but still depressed sentiment belief US rate hike in December. Attenuation is the lowest level in three months.
LLG spot price of gold down 0.4% at 1,084.96 per dollar per troy ounce, the lowest since August 7 and not far from the lowest level of 5.5 years occurred in July at 1,077 dollars per troy ounce.
While US gold futures price for the December contract closed down 3.60 dollars at 1,084.90.
Increased confidence the US Federal Reserve will raise interest rates in December for the first time in nearly a decade has made the price of this precious metal is lower for 10 of the past 11 sessions.
Technically, gold on the trading session today, Thursday (12/11) potential reversal, testing positive trend, but prone to profit taking. RSI indicator tends to re-test resistance and aiming the bullish channel, but Bollinger Band begins to shrink, thereby giving impetus for gold to the downside.
It is estimated that the gold price immediately prior to test resistance in the area of at least 1092.10 and re-test the maximum level of 1097.87. But if the gold price could not break and stays below 1087.80 then predicted gold prices could potentially test the Support 1085.78 and 1080.40.
