Australia 200

Australia 200 is holding steady near 5,865 with RSI sitting on 60 indicating sideways momentum. Mixed signals apparent with a double top near 6,000 offset by a higher low near 5,835.

NIKKEI

The BoJ fuelled Nikkei continues to climb, +2.2% in March, headed for the giant 20k threshold. It remains somewhat amusing to see how long it will take for the mainstream to start talking about when new historic highs (>38957, Dec’ 1989) in the Nikkei will be hit.

HANG SENG INDEX

Hong Kong 43 has broken through 25,000 today but has rallied up into a congestion zone between 25,190 and 25,400 resistance levels.

RUSSIA

With energy prices remaining broadly weak, the Russian market is still struggling, with a March fall of -2.4%. If Oil does eventually slip to the 35/30$ zone – , then the RTSI will very likely re-test the 500s.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk