Asia mired in negative Gorge

Almost all of the stock indices in the region Asiahari (Wednesday, 16/5) decreased sharply because investors are still overshadowed the anxiety of European crisis matters which do not come over. In addition bursa Asia also induced by Wall Street, which closed because of negative correction affected due to the political impasse again Greece that gave investors another reason to be careful. The negative news that even Greece shook off the American economic data releases were positive, so the index Dow Jones down close to the lowest level in four months. This factor dragging down Asia stocks today.

In the afternoon session, the index Nikkei Japan recorded 1.35% or as much as plummeting-120.22 points to level 8780.52. While South Korea Kospi index – fell-2.42% or (-6.10 points) towards level 246.30. Concern about unrest in the Euro zone and its impact on the global economy finally was also hit shares of energy and material. In addition, crude oil America was down for three days in a row. Stock index S & P energy sector and stock index S & P materials sectors each fell 1.5%. It is not surprising that a number of trading floor Asia today are exposed to some attenuation of the electrical sector, which resulted in investors to back doing action selling.

Technical analysis Trading Online 16 may 2012

XAU/LOCO On the 4 hour chart, the descent of Moving Average 50-100-200 will keep gold in channel attenuation bearish. There is room for correction went up with the RSI indicator was in the area of oversold. However, the chances of correction is limited and will lose momentum approaching the upper limit on bearish channel. Just above the increase in 1564 redakan can down pressure for a while. 1555 and 1570 (May 14, the lowest prices and the highest of 16 May) is the resistance. 1542 and 1522 (lowest price September 26 and 29 December) is support


INDEX HANGSENG On the 4 hour chart, soaring stochastic indicator has helped the Hang Seng to test the upper limit a bearish channel. However, the increase is still only corrections and above increases that can eliminate the perception of 19725 bearish. On the other hand, the descent of Moving Average 50-100-200 will keep weakening of Hang Seng in a bearish channel. Hammer formed also intimated the pressure down remains to be faced by the Hang Seng. 19725 and 19850 (highest price 3 and 14 May) is the resistance. 19420 and 19265 (lowest price may 15 and the highest December 7, 2011) is the support.

The NIKKEI INDEX On the 4 hour chart, the descent of Moving Average 50-100-200 will keep the attenuation of the Nikkei in a bearish channel. Datarnya indicator RSI can be intimated Nikkei Middle natural consolidation. Beware the fall under because it can worsen the performance of 8840 Nikkei. On the other hand, rising above can reduce the pressure from bearish 8960 for a while. 8960 and 9030 (highest price 3 and 14 May) will be a resistance. 8840 and 8800 (lowest price may 15 and 27 January) is support

EUR/USD
Resistance Level: 1.2925, 1.2823, 1.2971
Support Level: 1.2675, 1.2624, 1.2527
Trading Range: 1.2675 – 1.2831
Trend: Bearish

GBP/USD

Resistance Level: 1.6155, 1.6074, 1.6198
Support Level: 1.5955, 1.5907, 1.5826
Trading Range: 1.5955 – 1.6082
Trend: Bearish

Market Review of European & U.S. 16 may 2012

The Euro weakened to a 4 month low against the u.s. dollar as Greece's decision to conduct voting new adds to the uncertainty of the future and the chance to expel Greece from Europe.

Gold touched the low 4-1/2 months with the fall of the Euro. U.s. oil contracts continues to slump after data showed an increase in industry who bolted mains high last week.

U.S. Exchange plummeted in 8 days time of uncertainties that arise from political tensions Greece giving reasons for investors to resist.

EUR: C: H: 1.2869 1.2730 L: 1.2720, XAU: C: 1, 543.30 1, H: 564.30 L: 1, 541.85, Oil: C: H: 93.08 95.48 L: 93.06 DJ: C: H: 12,605 12,759 l: 12,573.